Long-term review
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When the European market opens, some economic news will be released such as Targeted LTRO, Italian 10-y Bond Auction, Italian Retail Sales m/m, Private Loans y/y, M3 Money Supply y/y, German Unemployment Change, and GfK German Consumer Climate. The US will also release a number of economic reports such as the Natural Gas Storage, HPI m/m, Durable Goods Orders m/m, Core Durable Goods Orders m/m, Unemployment Claims, Core CPI m/m, and CPI m/m. So amid the reports, EUR/USD will move with low to medium volatility during this day.
TODAY TECHNICAL LEVELS: Breakout BUY Level: 1.1416.
Strong Resistance:1.1409.
Original Resistance: 1.1398.
Inner Sell Area: 1.1307.
Target Inner Area: 1.1360.
Inner Buy Area: 1.1333.
Original Support: 1.1322.
Strong Support: 1.1311.
Breakout SELL Level: 1.1304.
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