When the European market opens, some economic data about the Spanish 10-year bond auction, the industrial production m/m, the French CPI m/m, and the German final CPI m/m will be released.The US is expected to release economic data on the 30-year bond auction, natural gas storage, business inventories m/m, import prices m/m, unemployment claims, retail sales m/m, and core retail sales m/m. So amid the reports, EUR/USD is likely to move low to medium volatility during this day.
TODAY TECHNICAL LEVELS:
Breakout BUY Level: 1.0599.
Strong Resistance:1.0593.
Original Resistance: 1.0583.
Inner Sell Area: 1.10573.
Target Inner Area: 1.0549.
Inner Buy Area: 1.0525.
Original Support: 1.0515.
Strong Support: 1.0505.
Breakout SELL Level: 1.0499.
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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