When the European market opens, Trade Balance is due in the eurozone. The US will release a series of economic data too such as Crude Oil Inventories, Natural Gas Storage, Business Inventories m/m, Unemployment Claims, Import Prices m/m, Philly Fed Manufacturing Index, Empire State Manufacturing Index, Retail Sales m/m, and Core Retail Sales m/m. So, amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY'S TECHNICAL LEVELS:

Breakout BUY Level: 1.1376

Strong Resistance:1.1369

Original Resistance: 1.1358

Inner Sell Area: 1.1347

Target Inner Area: 1.1320

Inner Buy Area: 1.1293

Original Support: 1.1282

Strong Support: 1.1271

Breakout SELL Level: 1.1264

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.