When the European market opens, some Economic Data will be released such as Italian 10-y Bond Auction, Spanish Flash GDP q/q, Spanish Flash CPI y/y, French Prelim CPI m/m, French Consumer Spending m/m, German Prelim CPI m/m, French Prelim GDP q/q. The US will release the economic data too such as Revised UoM Inflation Expectations, Revised UoM Consumer Sentiment, Employment Cost Index q/q, Advance GDP Price Index q/q, Advance GDP q/q, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.
TODAY’S TECHNICAL LEVEL:
Breakout BUY Level: 1.0948.
Strong Resistance:1.0942.
Original Resistance: 1.0931.
Inner Sell Area: 1.0920.
Target Inner Area: 1.0895.
Inner Buy Area: 1.0870.
Original Support: 1.0859.
Strong Support: 1.0848.
Breakout SELL Level: 1.0842.
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The material has been provided by InstaForex Company – www.instaforex.com
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