Technical analysis of EUR/USD for Dec 11, 2017

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When the European market opens, some economic data will be released such as Italian Retail Sales m/m. The US will present several economic reports as well such as 10-y Bond Auction and JOLTS Job Openings. So amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY’S TECHNICAL LEVELS:

Breakout BUY Level: 1.1829

Strong Resistance: 1.1822

Original Resistance: 1.1811

Inner Sell Area: 1.1800

Target Inner Area: 1.1772

Inner Buy Area: 1.1744

Original Support: 1.1733

Strong Support: 1.1722

Breakout SELL Level: 1.1715

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all 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

Source:: Technical analysis of EUR/USD for Dec 11, 2017

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