InstaForex - Analytics

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    Technical analysis of EUR/USD for September 01, 2015

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    When the European market opens, economic news on the Unemployment Rate, Italian Quarterly Unemployment Rate, Italian Monthly Unemployment Rate, Final Manufacturing PMI, German Final Manufacturing PMI, German Unemployment Change, French Final Manufacturing PMI, Italian Manufacturing PMI, and Spanish Manufacturing PMI is due to be released .The US will publish economic data about Total Vehicle Sales, ISM Manufacturing Prices, IBD/TIPP Economic Optimism, Construction Spending m/m, Construction Spending m/m, ISM Manufacturing PMI, and Final Manufacturing PMI. So amid the reports, EUR/USD will move low to medium volatility during this day.

    TODAY TECHNICAL LEVELS:

    Breakout BUY Level: 1.1276.

    Strong Resistance:1.1270.

    Original Resistance: 1.1259.

    Inner Sell Area: 1.1248.

    Target Inner Area: 1.1222.

    Inner Buy Area: 1.1196.

    Original Support: 1.1185.

    Strong Support: 1.1174.

    Breakout SELL Level: 1.1168.

    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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