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Technical analysis: Intraday levels for EUR/USD, Nov 01, 2018

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When the European market opens, the eurozone's economic calendar is empty. On the other hand, the US today is due to release a lot of data such as Total Vehicle Sales, Natural Gas Storage, ISM Manufacturing Prices, Construction Spending m/m, ISM Manufacturing PMI, Final Manufacturing PMI, Unemployment Claims, Prelim Unit Labor Costs q/q, Prelim Nonfarm Productivity q/q, and Challenger Job Cuts y/y. So, amid the reports, EUR/USD will trade with low to medium volatility during this day.

TODAY'S TECHNICAL LEVELS:

Breakout BUY Level: 1.1370

Strong Resistance:1.1363

Original Resistance: 1.1352

Inner Sell Area: 1.1341

Target Inner Area: 1.1314

Inner Buy Area: 1.1287

Original Support: 1.1276

Strong Support: 1.1265

Breakout SELL Level: 1.1258

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.

The material has been provided by InstaForex Company - www.instaforex.com