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 levels for EUR/USD for Aug 02, 2018

August 2, 2018 Analytics



When the European market opens, some economic data will be released such as the results of the French and Spanish 10-y Bond Auctions, PPI m/m, and the Spanish unemployment change. The US will release economic data too such as the natural gas storage, factory orders m/m, unemployment claims, and challenger job cuts y/y. So amid the reports, EUR/USD will move in a low to medium volatility during this day.


Breakout BUY Level: 1.1721.

Strong Resistance:1.1714.

Original Resistance: 1.1703.

Inner Sell Area: 1.1692.

Target Inner Area: 1.1664.

Inner Buy Area: 1.1636.

Original Support: 1.1625.

Strong Support: 1.1614.

Breakout SELL Level: 1.1607.

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


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