Technical Analysis of EUR/USD for May 02, 2016
When the European market opens, some economic news will be released such as the Final Manufacturing PMI, German Final Manufacturing PMI, French Final Manufacturing PMI, Italian Manufacturing PMI, and Spanish Manufacturing PMI. The US will release economic data too such as the Loan Officer Survey, ISM Manufacturing Prices, Construction Spending m/m, ISM Manufacturing PMI, and Final Manufacturing PMI. So amid the reports, EUR/USD will move with low to medium volatility during this day.
TODAY'S TECHNICAL LEVELS:
Breakout BUY Level: 1.1515.
Strong Resistance: 1.1508.
Original Resistance: 1.1497.
Inner Sell Area: 1.1483.
Target Inner Area: 1.1459.
Inner Buy Area: 1.1432.
Original Support: 1.1421.
Strong Support: 1.1410.
Breakout SELL Level: 1.1403.
The material has been provided by InstaForex Company - www.instaforex.com
