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09.10.201805:08 Forex Analysis & Reviews: Technical analysis: Intraday levels for EUR/USD, Oct 09/2018

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 09.10.2018 analysis

When the European market opens, some economic data will be released such as German Trade Balance. The US will release a couple of economic reports as well such as IBD/TIPP Economic Optimism and NFIB Small Business Index. So, amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY'S TECHNICAL LEVELS:

Breakout BUY Level: 1.1549

Strong Resistance:1.1542

Original Resistance: 1.1531

Inner Sell Area: 1.1520

Target Inner Area: 1.1493

Inner Buy Area: 1.1466

Original Support: 1.1455

Strong Support: 1.1444

Breakout SELL Level: 1.1437

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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