Online source for the latest forex and trading news. Stay informed with up-to-date market trends, expert analysis, and insightful articles to help you make smart trading decisions

Monday, March 4, 2019

Technical analysis: Intraday Level For EUR/USD, Mar 05, 2019

analytics5c7df402833e6.jpg

When the European market opens, some economic data will be released such as Retail Sales m/m, Final Services PMI, German Final Services PMI, German Final Services PMI, French Final Services PMI, Italian Services PMI, and Spanish Services PMI. The US will also publish the economic data such as Federal Budget Balance, IBD/TIPP Economic Optimism, New Home Sales, ISM Non-Manufacturing PMI, Final Services PMI, so amid the reports, EUR/USD will move with a low to a medium volatility during this day. TODAY'S TECHNICAL LEVEL: Breakout BUY Level: 1.1392. Strong Resistance: 1.1385. Original Resistance: 1.1374. Inner Sell Area: 1.1363. Target Inner Area: 1.1336. Inner Buy Area: 1.1309. Original Support: 1.1298. Strong Support: 1.1287. Breakout SELL Level: 1.1280.(Disclaimer)

The material has been provided by InstaForex Company - www.instaforex.com

No comments: