When the European market opens, some economic news will be released such as Final Core CPI y/y and Final CPI y/y. The US will also publish a bunch of economic data such as the Federal Funds Rate, Crude Oil Inventories, Current Account, Core CPI m/m, and CPI m/m. So, amid the reports, EUR/USD will move low to medium during the Asian to European market open and medium to high volatility during the US seassion.
TODAY TECHNICAL LEVELS:
Breakout BUY Level: 1.2565.
Strong Resistance:1.2557.
Original Resistance: 1.2545.
Inner Sell Area: 1.2533.
Target Inner Area: 1.2503.
Inner Buy Area: 1.2473.
Original Support: 1.2461.
Strong Support: 1.2449.
Breakout SELL Level: 1.2441.
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.
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For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of EUR/USD for December 17, 2014 . Thanks for your support.
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