When the European market opens, some economic news will be released such as ECOFIN Meetings, German 30-y Bond Auction, German Ifo Business Climate, and GfK German Consumer Climate. The US will release some economic statistics too such as Crude Oil Inventories, Flash Services PMI, HPI m/m, and Goods Trade Balance. So amid the reports, EUR/USD will move with low to medium volatility during this day.
TODAY’S TECHNICAL LEVEL:
Breakout BUY Level: 1.1188.
Strong Resistance: 1.1182.
Original Resistance: 1.1171.
Inner Sell Area: 1.1160.
Target Inner Area: 1.1134.
Inner Buy Area: 1.1108.
Original Support: 1.1097.
Strong Support: 1.1086.
Breakout SELL Level: 1.1080.
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The material has been provided by InstaForex Company – www.instaforex.com
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