Technical analysis of EUR/USD for Aug 08, 2017

Exchange Rates 08.08.2017 analysis

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When the European market opens, some Economic Data will be released, such as French Trade Balance, French Gov Budget Balance, and German Trade Balance. The US will release the Economic Data, too, such as IBD/TIPP Economic Optimism, Mortgage Delinquencies, JOLTS Job Openings, and NFIB Small Business Index, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.

TODAY’S TECHNICAL LEVEL:

Breakout BUY Level: 1.1855.

Strong Resistance:1.1848.

Original Resistance: 1.1837.

Inner Sell Area: 1.1826.

Target Inner Area: 1.1798.

Inner Buy Area: 1.1770.

Original Support: 1.1759.

Strong Support: 1.1748.

Breakout SELL Level: 1.1741.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all 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.

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Performed by Arief Makmur, Analytical expert
InstaForex Group © 2007-2017

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Fonte: Technical analysis of EUR/USD for Aug 08, 2017

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