When the European market opens, some economic data will be released such as Final Manufacturing PMI, German Final Manufacturing PMI, French Final Manufacturing PMI, Italian Manufacturing PMI, Spanish Manufacturing PMI, French Gov Budget Balance, German Import Prices m/m. The US us due to present data on the labor market of major importance such as Unemployment Rate, Non-Farm Employment Change, Average Hourly Earnings m/m as well as Factory Orders m/m, and Trade Balance. So, amid the loaded economic calendar, EUR/USD will move with medium to high volatility during this day.
TODAY'S TECHNICAL LEVELS:
Breakout BUY Level: 1.1458
Strong Resistance:1.1451
Original Resistance: 1.1440
Inner Sell Area: 1.1429
Target Inner Area: 1.1402
Inner Buy Area: 1.1375
Original Support: 1.1364
Strong Support: 1.1353
Breakout SELL Level: 1.1346
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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