When the European market opens, some economic data will be released such as Main Refinancing Rate, German Ifo Business Climate, Spanish Unemployment Rate, and German GfK Consumer Climate. The US will provide quite a lot of economic data too such as Natural Gas Storage, Pending Home Sales m/m, Unemployment Claims, Prelim Wholesale Inventories m/m, Goods Trade Balance, Durable Goods Orders m/m, and Core Durable Goods Orders m/m. So, amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY'S TECHNICAL LEVELS:

Breakout BUY Level: 1.1457

Strong Resistance:1.1450

Original Resistance: 1.1439

Inner Sell Area: 1.1428

Target Inner Area: 1.1400

Inner Buy Area: 1.1372

Original Support: 1.1361

Strong Support: 1.1350

Breakout SELL Level: 1.1343

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.