Intraday levels for EUR/USD, January 07, 2018

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When the European market opens, several economic reports will be released such as Retail Sales m/m, Sentix Investor Confidence, German Retail Sales m/m, and German Factory Orders m/m. The US will present ISM Non-Manufacturing PMI. So amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY’S TECHNICAL LEVELS:

Breakout BUY Level: 1.1465

Strong Resistance:1.1458

Original Resistance: 1.1447

Inner Sell Area: 1.1436

Target Inner Area: 1.1409

Inner Buy Area: 1.1382

Original Support: 1.1371

Strong Support: 1.1360

Breakout SELL Level: 1.1353

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.

The material has been provided by InstaForex Company – www.instaforex.com

Source:: Technical analysis: Intraday levels for EUR/USD, January 07, 2018

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