When the European market opens, some economic news will be released such as Spanish Manufacturing PMI, Italian Manufacturing PMI, Final Manufacturing PMI, and German 10-y Bond Auction. The US will release the economic data too such as the ADP Non-Farm Employment Change, Final Manufacturing PMI, ISM Manufacturing PMI, Construction Spending m/m, ISM Manufacturing Prices, Crude Oil Inventories, Total Vehicle Sales, so amid the reports, EUR/USD will move medium volatility during this day.
TODAY TECHNICAL LEVELS:
Breakout BUY Level: 1.2690.
Strong Resistance:1.2682.
Original Resistance: 1.2670.
Inner Sell Area: 1.2658.
Target Inner Area: 1.2628.
Inner Buy Area: 1.2598.
Original Support: 1.2586.
Strong Support: 1.2574.
Breakout SELL Level: 1.2566.
Best regards,
Arief Makmur
Official Analyst of InstaForexGroup
InstaForex Group
http://instaforex.com
email: Arief.jakarta@indo.instaforex.com
Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all 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. The material has been provided by InstaForex Company - www.instaforex.com
For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of EUR/USD for October 01, 2014 . Thanks for your support.
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