In Asia, Japan will release the Economy Watchers Sentiment, Average Cash Earnings y/y, Final GDP q/q, Final GDP Price Index y/y, Current Account, Bank Lending y/y, and Household Spending y/y. The US will present a batch of data, including reports of major importance on the labor market: Housing Starts, Building Permits, Unemployment Rate, Non-Farm Employment Change, and Average Hourly Earnings m/m. So the currency pais is ste to trade with medium to high volatility during this day.
TODAY'S TECHNICAL LEVELS:
Resistance 3: 112.09
Resistance 2: 111.86
Resistance 1: 111.64
Support 1: 111.38
Support 2: 111.16
Support 3: 110.94
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.
The material has been provided by InstaForex Company - www.instaforex.com
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