Technical analysis of EUR/USD for September 01, 2014

When the European market opens, some important news are expected in the economic calendar such as German Final GDP q/q, Spanish Manufacturing PMI, Italian Manufacturing PMI, and Final Manufacturing PMI. But the US will not release the economic data because of the bank holiday. So, amid the reports, EUR/USD will move with low volatility during this day.

TODAY's TECHNICAL LEVELS:
Breakout BUY Level: 1.3192.
Strong Resistance:1.3184.
Original Resistance: 1.3171.
Inner Sell Area: 1.3158.
Target Inner Area: 1.3127.
Inner Buy Area: 1.3096.
Original Support: 1.3083.
Strong Support: 1.3070.
Breakout SELL Level: 1.3062. 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.