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When the European market opens, the economic calendar in the eurozone will be loaded with economic data such as Belgian NBB Business Climate, Private Loans y/y, M3 Money Supply y/y, Flash Services PMI, Flash Manufacturing PMI, German Flash Services PMI, German Flash Manufacturing PMI, French Flash Services PMI, and French Flash Manufacturing PMI. The US will also present a series of economic data such as Beige Book, Crude Oil Inventories, New Home Sales, Flash Services PMI, Flash Manufacturing PMI, and HPI m/m. So, amid such a busy economic calendar EUR/USD will move with low to medium volatility during this day.
TODAY'S TECHNICAL LEVELS:
Breakout BUY Level: 1.1528
Strong Resistance:1.1521
Original Resistance: 1.1510
Inner Sell Area: 1.1499
Target Inner Area: 1.1472
Inner Buy Area: 1.1445
Original Support: 1.1434
Strong Support: 1.1423
Breakout SELL Level: 1.1417
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.
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