When the European market opens, the economic calendar is packed with economic data such as Italian 10-y Bond Auction, German Unemployment Change, Spanish Flash CPI y/y, French Prelim GDP q/q, French Consumer Spending m/m, and German Prelim CPI m/m. The US will also present a batch of economic reports such as Natural Gas Storage, Pending Home Sales m/m, Unemployment Claims, Personal Income m/m, Personal Spending m/m, and Core PCE Price Index m/m. So, amid such a busy economic calendar, EUR/USD is going to trade with medium volatility during this day.
TODAY'S TECHNICAL LEVELS:
Breakout BUY Level: 1.1422
Strong Resistance:1.1415
Original Resistance: 1.1404
Inner Sell Area: 1.1393
Target Inner Area: 1.1366
Inner Buy Area: 1.1339
Original Support: 1.1328
Strong Support: 1.1317
Breakout SELL Level: 1.1310
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