Technical analysis: Intraday levels for EUR/USD, Nov 27, 2018

When the European market opens, no economic data will be released from the eurozone. However, the US will present a series of economic reports such as CB Consumer Confidence, S&P/CS Composite-20 HPI y/y, and HPI m/m. So, amid the reports, EUR/USD is going to trade with low to medium volatility during this day.

TODAY’S TECHNICAL LEVELS:

Breakout BUY Level: 1.1390

Strong Resistance:1.1383

Original Resistance: 1.1372

Inner Sell Area: 1.1361

Target Inner Area: 1.1334

Inner Buy Area: 1.1307

Original Support: 1.1296

Strong Support: 1.1285

Breakout SELL Level: 1.1278

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, Nov 27, 2018