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19.10.2016 05:33 AM
Technical analysis of EUR/USD for Oct 19, 2016

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When the European market opens, some economic data will be released such as German 30-y Bond Auction. The US will release a series of macroeconomic reports such as Beige Book, Crude Oil Inventories, Housing Starts, and Building Permits. So amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY'S TECHNICAL LEVELS:

Breakout BUY Level: 1.1026

Strong Resistance:1.1020

Original Resistance: 1.1009

Inner Sell Area: 1.0998

Target Inner Area: 1.0973

Inner Buy Area: 1.0948

Original Support: 1.0937

Strong Support: 1.0926

Breakout SELL Level: 1.0920

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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