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06.12.201804:51 Forex Analysis & Reviews: Technical analysis: intraday levels for EUR/USD, Dec 06, 2018

Long-term review
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Exchange Rates 06.12.2018 analysis

When the European market opens, some economic data will be released such as the German Factory Orders m/m. At the same time, the US will also deliver some reports such as the Natural Gas Storage, Factory Orders m/m, Unemployment Claims, Trade Balance, and Challenger Job Cuts y/y. So amid these reports EUR/USD will trade with low to medium volatility during this day.

TODAY'S TECHNICAL LEVELS:

Breakout BUY Level: 1.1405

Strong Resistance:1.1398

Original Resistance: 1.1387

Inner Sell Area: 1.1376

Target Inner Area: 1.1349

Inner Buy Area: 1.1322

Original Support: 1.1311

Strong Support: 1.1300

Breakout SELL Level: 1.1293

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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