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.
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
