When the European market opens, some economic data will be released such as Italian Prelim CPI m/m, German Unemployment Change, French Prelim CPI m/m, French Gov Budget Balance, French Consumer Spending m/m, German Retail Sales m/m, and German Import Prices m/m. The US will also publish the economic data such as Revised UoM Inflation Expectations, New Home Sales, Revised UoM Consumer Sentiment, Chicago PMI, Personal Income m/m, Personal Spending m/m, Core PCE Price Index m/m, so amid the reports, the EUR/USD pair will move with low to medium volatility during this day. TODAY'S TECHNICAL LEVELS: Breakout BUY Level: 1.1286. Strong Resistance: 1.1280. Original Resistance: 1.1269. Inner Sell Area: 1.1258. Target Inner Area: 1.1232. Inner Buy Area: 1.1206. Original Support: 1.1195. Strong Support: 1.1184. Breakout SELL Level: 1.1178. (Disclaimer)
The material has been provided by InstaForex Company - www.instaforex.com