Technical analysis: intraday levels for EUR/USD, Dec 07, 2018


When the European market opens, some economic data will be released such as the revised GDP q/q, Final Employment Change q/q, Italian Retail Sales m/m, French Trade Balance, French Industrial Production m/m, and German Industrial Production m/m. The US will deliver some economic data too such as the Consumer Credit m/m, Prelim UoM Inflation Expectations, Final Wholesale Inventories m/m, Prelim UoM Consumer Sentiment, Unemployment Rate, Non-Farm Employment Change, and Average Hourly Earnings m/m. So amid the reports, EUR/USD will move in a low to medium volatility during this day.TODAY'S TECHNICAL LEVELS:Breakout BUY Level: 1.1429.Strong Resistance:1.1422.Original Resistance: 1.1411.Inner Sell Area: 1.1400.Target Inner Area: 1.1373.Inner Buy Area: 1.1346.Original Support: 1.1335.Strong Support: 1.1324.Breakout SELL Level: 1.1317.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 carefullyconsider your investment objectives, level of experience, and riskappetite. The possibility exists that you could sustain a loss of someor all of your initial investment and therefore you should not investmoney that you cannot afford to lose. You should be aware of all therisks associated with foreign exchange trading, and seek advice froman independent financial advisor if you have any doubts.The material has been provided by InstaForex Company -