Technical analysis: Intraday Level For EUR/USD, Feb 07, 2019


When the European market opens, some economic data will be released such as French 10-y Bond Auction, EU Economic Forecasts, Italian Retail Sales m/m, ECB Economic Bulletin, French Trade Balance, and German Industrial Production m/m. The US will also publish the economic data such as Consumer Credit m/m, 30-y Bond Auction, Natural Gas Storage, and Unemployment Claims, so amid the reports, the EUR/USD pair will move with a low to a medium volatility during this day. TODAY'S TECHNICAL LEVEL: Breakout BUY Level: 1.1420. Strong Resistance: 1.1413. Original Resistance: 1.1402. Inner Sell Area: 1.1491. Target Inner Area: 1.1364. Inner Buy Area: 1.1337. Original Support: 1.1326. Strong Support: 1.1315. Breakout SELL Level: 1.1308. (Disclaimer)

The material has been provided by InstaForex Company -