Thread: Instaforex Analysis
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31-07-18, 08:19 #11
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Technical analysis: Intraday Level For EUR/USD, July 31, 2018
When the European market opens, some Economic Data will be released such as Unemployment Rate, Italian Prelim CPI m/m, Prelim Flash GDP q/q, Core CPI Flash Estimate y/y, CPI Flash Estimate y/y, Italian Monthly Unemployment Rate, German Unemployment Change, Spanish Flash GDP q/q, French Prelim CPI m/m, and German Retail Sales m/m. The US will release the Economic Data too such as CB Consumer Confidence, Chicago PMI, S&P/CS Composite-20 HPI y/y, Personal Income m/m, Personal Spending m/m, Employment Cost Index q/q, and Core PCE Price Index m/m, so amid the reports, EUR/USD will move in a medium volatility during this day.
TODAY'S TECHNICAL LEVEL:
Breakout BUY Level: 1.1765.
Strong Resistance:1.1758.
Original Resistance: 1.1757.
Inner Sell Area: 1.1736.
Target Inner Area: 1.1708. Inner
Buy Area: 1.1680.
Original Support: 1.1669.
Strong Support: 1.1658.
Breakout SELL Level: 1.1651.
Analysis are provided by InstaForex
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