Long-term review
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When the European market opens, some economic news will be released such as German Retail Sales m/m, French Consumer Spending m/m, Italian Monthly Unemployment Rate, CPI Flash Estimate y/y, Core CPI Flash Estimate y/y, Unemployment Rate, and Italian Prelim CPI m/m. The US will also release the economic data such as the Core PCE Price Index m/m, Employment Cost Index q/q, Personal Spending m/m, Personal Income m/m, Chicago PMI, Revised UoM Consumer Sentiment, and Revised UoM Inflation Expectations. So, amid the reports, EUR/USD will move low to medium volatility during this day.
TODAY TECHNICAL LEVELS: Breakout BUY Level: 1.2669.
Strong Resistance:1.2661.
Original Resistance: 1.2649.
Inner Sell Area: 1.2637.
Target Inner Area: 1.2607.
Inner Buy Area: 1.2577.
Original Support: 1.2565.
Strong Support: 1.2553.
Breakout SELL Level: 1.2545.
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