Technical Analysis of EUR/USD for May 12, 2016

Technical Analysis of EUR/USD for May 12, 2016

12 May 2016, 09:46
Roberto Jacobs
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Technical Analysis of EUR/USD for May 12, 2016

When the European market opens, some economic news will be released such as Industrial Production m/m, French Final CPI m/m, and German WPI m/m.The US will publish the economic data too, including 30-y Bond Auction, Natural Gas Storage, Import Prices m/m, Unemployment Claims. So amid the reports, EUR/USD will move low to medium volatility during this day.


1_EURUSD.jpg


TODAY'S TECHNICAL LEVEL:

Breakout BUY Level: 1.1478.

Strong Resistance:1.1471.

Original Resistance: 1.1460.

Inner Sell Area: 1.1449.

Target Inner Area: 1.1422.

Inner Buy Area: 1.1395.

Original Support: 1.1384.

Strong Support: 1.1373.

Breakout SELL Level: 1.1366.


The material has been provided by InstaForex Company - www.instaforex.com

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