When the European market opens, the economic calendar is packed with economic data such as Italian 10-y Bond Auction, German Unemployment Change, Spanish Flash CPI y/y, French Prelim GDP q/q, French Consumer Spending m/m, and German Prelim CPI m/m. The US will also present a batch of economic reports such as Natural Gas Storage, Pending Home Sales m/m, Unemployment Claims, Personal Income m/m, Personal Spending m/m, and Core PCE Price Index m/m. So, amid such a busy economic calendar, EUR/USD is going to trade with medium volatility during this day.

TODAY'S TECHNICAL LEVELS:

Breakout BUY Level: 1.1422

Strong Resistance:1.1415

Original Resistance: 1.1404

Inner Sell Area: 1.1393

Target Inner Area: 1.1366

Inner Buy Area: 1.1339

Original Support: 1.1328

Strong Support: 1.1317

Breakout SELL Level: 1.1310

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.