Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

0

No products in the cart.

Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

Blog Post

Technical analysis: Intraday levels for EUR/USD, Nov 02, 2018

November 3, 2018 Analytics

[ad_1]

analytics5bdbd8f35cb7f.jpg

When the European market opens, some economic data will be released such as Final Manufacturing PMI, German Final Manufacturing PMI, French Final Manufacturing PMI, Italian Manufacturing PMI, Spanish Manufacturing PMI, French Gov Budget Balance, German Import Prices m/m. The US us due to present data on the labor market of major importance such as Unemployment Rate, Non-Farm Employment Change, Average Hourly Earnings m/m as well as Factory Orders m/m, and Trade Balance. So, amid the loaded economic calendar, EUR/USD will move with medium to high volatility during this day.

TODAY’S TECHNICAL LEVELS:

Breakout BUY Level: 1.1458

Strong Resistance:1.1451

Original Resistance: 1.1440

Inner Sell Area: 1.1429

Target Inner Area: 1.1402

Inner Buy Area: 1.1375

Original Support: 1.1364

Strong Support: 1.1353

Breakout SELL Level: 1.1346

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

[ad_2]

Source link

Write a comment