Main photo Technical analysis of EUR/USD for May 12, 2017

Technical analysis of EUR/USD for May 12, 2017

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When the European market opens, some economic data will be released such as Industrial Production m/m, French Prelim Non-Farm Payrolls q/q, German Final CPI m/m, and German Prelim GDP q/q. The US will release the economic data too such as Loan Officer Survey, Prelim UoM Inflation Expectations, Business Inventories m/m, Prelim UoM Consumer Sentiment, Retail Sales m/m, Core Retail Sales m/m, Core CPI m/m, and CPI m/m. So amid the reports, EUR/USD will move with higher volatility during this day.

TODAY'S TECHNICAL LEVELS:

Breakout BUY Level: 1.0916.

Strong Resistance:1.0910.

Original Resistance: 1.0899.

Inner Sell Area: 1.0888.

Target Inner Area: 1.0863.

Inner Buy Area: 1.0838.

Original Support: 1.0827.

Strong Support: 1.0816.

Breakout SELL Level: 1.0810.

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


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