Technical analysis of EUR/USD for May 23, 2017


When the European market opens, a batch of economic reports will be released such as ECB Financial Stability Review, Flash Services PMI, Flash Manufacturing PMI, German Ifo Business Climate, German Flash Services PMI, German Flash Manufacturing PMI, French Flash Services PMI, French Flash Manufacturing PMI, and German Final GDP q/q. The US will also post some macroeconomic statistics such as Richmond Manufacturing Index, New Home Sales, Flash Services PMI, and Flash Manufacturing PMI. So amid the reports, EUR/USD will move with low to medium volatility during this day.


Breakout BUY Level: 1.1290.

Strong Resistance:1.1284.

Original Resistance: 1.1273.

Inner Sell Area: 1.1262.

Target Inner Area: 1.1236.

Inner Buy Area: 1.1210.

Original Support: 1.1199.

Strong Support: 1.1188.

Breakout SELL Level: 1.1182.

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Source:: Technical analysis of EUR/USD for May 23, 2017

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