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11.10.201805:30 Forex Analysis & Reviews: Technical analysis: Intraday levels for EUR/USD, Oct 11, 2018

Long-term review
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Exchange Rates 11.10.2018 analysis

When the European market opens, the economic calendar is nearly empty, expect for French Final CPI m/m. The US will release a seruis of economic reports such as 30-y Bond Auction, Crude Oil Inventories, Natural Gas Storage, Unemployment Claims, Core CPI m/m, and CPI m/m. So amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY'S TECHNICAL LEVELS:

Breakout BUY Level: 1.1589

Strong Resistance: 1.1582

Original Resistance: 1.1571

Inner Sell Area: 1.1559

Target Inner Area: 1.1533

Inner Buy Area: 1.1506

Original Support: 1.1495

Strong Support: 1.1484

Breakout SELL Level: 1.1477.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all Traders or Investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Arief Makmur
Analytical expert of InstaForex
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