Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

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Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

Blog Post

Technical analysis: Intraday Level For EUR/USD, Oct 01/2018

October 1, 2018 Analytics

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When the European market opens, some Economic Data will be released such as Unemployment Rate, Italian Monthly Unemployment Rate, FinalManufacturing PMI, German Final Manufacturing PMI, French Final Manufacturing PMI, Italian Manufacturing PMI, Spanish Manufacturing PMI, and German Retail Sales m/m. The US will release the Economic Data too such as Total Vehicle Sales, ISM Manufacturing Prices, Construction Spending m/m, ISM Manufacturing PMI, Final Manufacturing PMI, so amid the reports, EUR/USD will move in a low to medium volatility during this day.TODAY’S TECHNICAL LEVEL: Breakout BUY Level: 1.1663. Strong Resistance: 1.1656. Original Resistance: 1.1645. Inner Sell Area: 1.1634. Target Inner Area: 1.1606. Inner Buy Area: 1.1578. Original Support: 1.1567. Strong Support: 1.1556. Breakout SELL Level: 1.1549.Disclaimer: Trading Forex (foreign exchange) on margin carries a highlevel 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 carefullyconsider your investment objectives, level of experience, and riskappetite. The possibility exists that you could sustain a loss of someor all of your initial investment and therefore you should not investmoney that you cannot afford to lose. You should be aware of all therisks associated with foreign exchange trading, and seek advice froman independent financial advisor if you have any doubts.The material has been provided by InstaForex Company – www.instaforex.com

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