When the European market opens, some economic data will be released such as Retail Sales m/m, Final Services PMI, German Final Services PMI, French Final Services PMI, Italian Services PMI, Italian Services PMI, and Spanish Services PMI. The US will also present a series of economic reports such as Crude Oil Inventories, ISM Non-Manufacturing PMI, Final Services PMI, ADP Non-Farm Employment Change. So amid such a busy economic calendar, EUR/USD will move with medium volatility during this day.

TODAY'S TECHNICAL LEVELS:

Breakout BUY Level: 1.1606

Strong Resistance:1.1599

Original Resistance: 1.1588

Inner Sell Area: 1.1577

Target Inner Area: 1.1550

Inner Buy Area: 1.1523

Original Support: 1.1512

Strong Support: 1.1501

Breakout SELL Level: 1.1494

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.