FX.co ★ Technical analysis: Intraday Level For EUR/USD, May 31, 2018

When the European market opens, some Economic Data will be released such as Unemployment Rate, Italian Prelim CPI m/m, Core CPI Flash Estimate y/y, CPI Flash Estimate y/y, Italian Monthly Unemployment Rate, and French Prelim CPI m/m. The US will also release the Economic Data such as Crude Oil Inventories, Natural Gas Storage, Pending Home Sales m/m, Chicago PMI, Personal Income m/m, Unemployment Claims, Personal Spending m/m, Core PCE Price Index m/m, and Challenger Job Cuts y/y, so amid the reports, EUR/USD will move in a low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:

Breakout BUY Level: 1.1721.

Strong Resistance:1.1714.

Original Resistance: 1.1703.

Inner Sell Area: 1.1664.

Target Inner Area: 1.1537.

Inner Buy Area: 1.1636.

Original Support: 1.1625.

Strong Support: 1.1614.

Breakout SELL Level: 1.1607.

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