Technical analysis of EUR/USD for July 31, 2017

When the European market opens, some economic data will be released such as unemployment rate, Italian flash CPI m/m, core CPI flash estimate y/y, CPI flash estimate y/y, Italian monthly unemployment rate, and German retail sales m/m. The US will release its pending home sales m/m and Chicago PMI. So amid the reports, the EUR/USD will move in a low to medium volatility today.

Today's technical levels:
Breakout buy Level: 1.1804.
Strong resistance:1.1797.
Original resistance: 1.1786.
Inner sell area: 1.1775.
Target inner area: 1.1747.
Inner buy area: 1.1719.
Original support: 1.1708.
Strong support: 1.1697.
Breakout sell level: 1.1690.

Analysis are provided by InstaForex