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Technical analysis: Intraday levels for EUR/USD, Nov 08, 2018

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When the European market opens, a batch of economic data will be released such as French 10-y Bond Auction, Spanish 10-y Bond Auction, EU Economic Forecasts, ECB Economic Bulletin, French Trade Balance, and German Trade Balance. The US is due to release several economic reports such as Federal Funds Rate, FOMC Statement, Natural Gas Storage, and Unemployment Claims. So, amid such a loaded economic calendar EUR/USD will move with medium to high volatility during this day.

TODAY'S TECHNICAL LEVELS:

Breakout BUY Level: 1.1491

Strong Resistance:1.1484

Original Resistance: 1.1473

Inner Sell Area: 1.1462

Target Inner Area: 1.1434

Inner Buy Area: 1.1406

Original Support: 1.1395

Strong Support: 1.1384

Breakout SELL Level: 1.1377

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