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Technical analysis EUR/USD Dec 08, 2017 — Forex Stock Trade




Technical analysis EUR/USD Dec 08, 2017




When the European market opens, some Economic Data will be released such as French Industrial Production m/m, French Gov Budget Balance and the Trade Balance of germany. The us will release the Economic Data such as Prelim Unit of measurement of Inflation Expectations, the Final wholesale Inventories (m/m, Prelim uom Consumer sentiment, Unemployment Rate, Non-Farm Employment Change, and Average Hourly earnings (m/m), so that, in the reports, the EUR/USD moves in a medium to high volatility during this day.

TODAY’S TECHNICAL LEVEL:

Breakout BUY Level: 1.1823.

Strong Resistance:1.1816.

Origin Of Resistance: 1.1805.

Inner Sell Area: 1.1794.

The Target From The Inside Out: 1.1766.

Inner Buy Area: 1.1738.

Original Media: 1.1727.

Strong Support: 1.1716.

Breakout SELL Level: 1.1709.

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 part or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You need to be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubtts.



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