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02.10.2018 04:45 AM
Technical analysis: Intraday levels for EUR/USD, Oct 02/2018

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When the European market opens, some economic data will be released such as the eurozone's PPI m/m and Spanish Unemployment Change. The economic calendar lacks any reports from US today. So amid the empty economic calendar, EUR/USD will move with low to medium volatility during this day.

TODAY'S TECHNICAL LEVELS:

Breakout BUY Level: 1.1635

Strong Resistance: 1.1628

Original Resistance: 1.1617

Inner Sell Area: 1.1606

Target Inner Area: 1.1578

Inner Buy Area: 1.1550

Original Support: 1.1539

Strong Support: 1.1528

Breakout SELL Level: 1.1521

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.

Arief Makmur,
Analytical expert of InstaForex
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