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Technical analysis: Intraday levels for EUR/USD, Oct 23, 2018
October 23, 2018 8:23 amVideo
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When the European market opens, some economic data will be released such as Consumer Confidence and German PPI m/m. On the US dollar’s front, the US will present Richmond Manufacturing Index. So, amid the reports, EUR/USD will move with low to medium volatility during this day.
TODAY’S TECHNICAL LEVELS:
Breakout BUY Level: 1.1521
Strong Resistance:1.1514
Original Resistance: 1.1503
Inner Sell Area: 1.1492
Target Inner Area: 1.1465
Inner Buy Area: 1.1438
Original Support: 1.1427
Strong Support: 1.1416
Breakout SELL Level: 1.1409
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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