When the European market opens, some economic news will be released such as German Retail Sales m/m, French Consumer Spending m/m, French Consumer Spending m/m, German Unemployment Change, Italian Monthly Unemployment Rate, CPI Flash Estimate y/y, Core CPI Flash Estimate y/y, Unemployment Rate, Italian Prelim CPI m/m. The US will release the economic data too such as the S&P/CS Composite-20 HPI y/y, Chicago PMI, CB Consumer Confidence, so amid the reports, EUR/USD will move with low to medium volatility during this day.
TODAY TECHNICAL LEVELS:
Breakout BUY Level: 1.2750.
Strong Resistance:1.2742.
Original Resistance: 1.2730.
Inner Sell Area: 1.2710.
Target Inner Area: 1.2688.
Inner Buy Area: 1.2658.
Original Support: 1.2646.
Strong Support: 1.2624.
Breakout SELL Level: 1.2626.

Best regards,

Arief Makmur

Official Analyst of InstaForexGroup

InstaForex Group

http://www.ifxteam.com

email: Arief.jakarta@indo.instaforex.com 

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