Technical Analysis of EUR/USD for May 09, 2016

Technical Analysis of EUR/USD for May 09, 2016

9 May 2016, 10:05
Roberto Jacobs
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Technical Analysis of EUR/USD for May 09, 2016

When the European market opens, some economic news will be released such as the Sentix Investor Confidence and German Factory Orders m/m. The US will release economic data too such as the Labor Market Conditions Index m/m and Mortgage Delinquencies. So amid the reports, EUR/USD will move with low to medium volatility during this day.


1_EURUSD.jpg


TODAY'S TECHNICAL LEVELS:

Breakout BUY Level: 1.1440.

Strong Resistance: 1.1433.

Original Resistance: 1.1422.

Inner Sell Area: 1.1411.

Target Inner Area: 1.1384.

Inner Buy Area: 1.1357.

Original Support: 1.1346.

Strong Support: 1.1335.

Breakout SELL Level: 1.1328.


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