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30.08.201804:39 Forex Analysis & Reviews: Technical analysis: Intraday Level For EUR/USD, Aug 30, 2018

Long-term review
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Exchange Rates 30.08.2018 analysis

When the European market opens, some Economic Data will be released such as Italian 10-y Bond Auction, German Unemployment Change, Spanish Flash CPI y/y, German Prelim CPI m/m, and German Import Prices m/m. The US will release the Economic Data too such as Natural Gas Storage, Unemployment Claims, Personal Income m/m, Personal Spending m/m, and Core PCE Price Index m/m, so amid the reports, EUR/USD will move in a low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL: Breakout BUY Level: 1.1766. Strong Resistance:1.1759. Original Resistance: 1.1748. Inner Sell Area: 1.1737. Target Inner Area: 1.1709. Inner Buy Area: 1.1681. Original Support: 1.1670. Strong Support: 1.1659. Breakout SELL Level: 1.1652.

Disclaimer: Trading Forex (foreign exchange) on margin carries a highlevel 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 carefullyconsider your investment objectives, level of experience, and riskappetite. The possibility exists that you could sustain a loss of someor all of your initial investment and therefore you should not investmoney that you cannot afford to lose. You should be aware of all therisks associated with foreign exchange trading, and seek advice froman independent financial advisor if you have any doubts.

Arief Makmur
Analytical expert of InstaForex
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