When the European market opens, some economic news will be released such as ECB President Draghi Speech and Trade Balance. The US will release the economic data too such as the TIC Long-Term Purchases, NAHB Housing Market Index, Industrial Production m/m, Capacity Utilization Rate, and Empire State Manufacturing Index. So amid the reports, EUR/USD will move with low to medium volatility during this day.
TODAY TECHNICAL LEVELS:
Breakout BUY Level: 1.1276.
Strong Resistance:1.1270.
Original Resistance: 1.1259.
Inner Sell Area: 1.1248.
Target Inner Area: 1.1222.
Inner Buy Area: 1.1196.
Original Support: 1.1185.
Strong Support: 1.1174.
Breakout SELL Level: 1.1168.
Read more: https://www.instaforex.com/forex_analysis/61898/