16.10.201804:03 Forex Analysis & Reviews: Technical analysis: Intraday levels for EUR/USD, Oct 16, 2018

When the European market opens, some economic data will be released such as Italian Trade Balance, German ZEW Economic Sentiment, ZEW Economic Sentiment, Trade Balance, Treasury Currency Report, and German Import Prices m/m. On the USD side, the US will release a series of economic reports such as NAHB Housing Market Index, JOLTS Job Openings, Industrial Production m/m, and Capacity Utilization Rate. So, amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY'S TECHNICAL LEVELS:

Breakout BUY Level: 1.1640

Strong Resistance: 1.1633

Original Resistance: 1.1622

Inner Sell Area: 1.1611

Target Inner Area: 1.1584

Inner Buy Area: 1.1557

Original Support: 1.1546

Strong Support: 1.1535

Breakout SELL Level: 1.1528

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