When the European market opens, some Economic Data will be released, such as ECOFIN Meetings, Revised GDP q/q, Retail PMI, and German Factory Orders m/m. The US will release the economic data, too, such as IBD/TIPP Economic Optimism, Factory Orders m/m, Revised Unit Labor Costs q/q, Trade Balance, and Revised Nonfarm Productivity q/q. So, amid the reports, EUR/USD will move in a low to medium volatility during this day.
TODAY'S TECHNICAL LEVEL:
Breakout BUY Level: 1.0808.
Strong Resistance:1.0802.
Original Resistance: 1.0791.
Inner Sell Area: 1.0780.
Target Inner Area: 1.0755.
Inner Buy Area: 1.0730.
Original Support: 1.0719.
Strong Support: 1.0708.
Breakout SELL Level: 1.0702.
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