Technical analysis: Intraday Levels for EUR/USD for May 09, 2018

When the European market opens, some economic data will be released such as the German 30-y Bond Auction and Italian Retail Sales, as well as theFrench Industrial Production m/m. The US will also publish economic reports including the 10-y Bond Auction, Crude Oil Inventories, Final Wholesale Inventories m/m, Core PPI, and PPI. So amid the reports, EUR/USD will move in a low to medium volatility during this day.

TODAY’S TECHNICAL LEVELS:

Breakout BUY Level: 1.1923

Strong Resistance:1.1916

Original Resistance: 1.1905

Inner Sell Area: 1.1894

Target Inner Area: 1.1866

Inner Buy Area: 1.1839

Original Support: 1.1828

Strong Support: 1.1817

Breakout SELL Level: 1.1810

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

Source:: Technical analysis: Intraday Levels for EUR/USD for May 09, 2018