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07.08.2018 06:50 AM
Technical analysis: Intraday Level For EUR/USD, Aug 07, 2018

When the European market opens, some Economic Data will be released such as French Trade Balance, German Trade Balance, and German Industrial Production m/m. The US will also release the Economic Data such as Consumer Credit m/m, IBD/TIPP Economic Optimism, JOLTS Job Openings, and Mortgage Delinquencies, so amid the reports, EUR/USD will move in a low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:

Breakout BUY Level: 1.1614.

Strong Resistance:1.1607.

Original Resistance: 1.1596.

Inner Sell Area: 1.1585.

Target Inner Area: 1.1557.

Inner Buy Area: 1.1529.

Original Support: 1.1518.

Strong Support: 1.1507.

Breakout SELL Level: 1.1500.

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