Technical analysis: Intraday Level For EUR/USD, May 02, 2018
When the European market opens, some Economic Data will be released such as Unemployment Rate, Italian Prelim GDP q/q, Prelim Flash GDP q/q, Italian Monthly Unemployment Rate, Final Manufacturing PMI, Final Manufacturing PMI, French Final Manufacturing PMI, Italian Manufacturing PMI, and Spanish Manufacturing PMI. The US will release the Economic Data too, such as Federal Funds Rate, Crude Oil Inventories, and ADP Non-Farm Employment Change, so, amid the reports, EUR/USD will move in a medium to high volatility during this day.
TODAY’S TECHNICAL LEVEL:
Breakout BUY Level: 1.2050.
Strong Resistance:1.2043.
Original Resistance: 1.2031.
Inner Sell Area: 1.2019.
Target Inner Area: 1.1991.
Inner Buy Area: 1.1963.
Original Support: 1.1951.
Strong Support: 1.1939.
Breakout SELL Level: 1.1932.
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Source:: Technical analysis: Intraday Level For EUR/USD, May 02, 2018