FX.co ★ Technical analysis of EUR/USD for May 10, 2016

When the European market opens, some economic news will be released such as Italian Industrial Production m/m, French Industrial Production m/m, French Gov Budget Balance, German Trade Balance, and German Industrial Production m/m. The US will publish the economic data too such as Wholesale Inventories m/m, JOLTS Job Openings, and NFIB Small Business Index. So amid the reports, EUR/USD will move with low to medium volatility during this session.

TODAY'S TECHNICAL LEVEL:

Breakout BUY Level: 1.1439.

Strong Resistance:1.1432.

Original Resistance: 1.1421.

Inner Sell Area: 1.1410.

Target Inner Area: 1.1383.

Inner Buy Area: 1.1356.

Original Support: 1.1345.

Strong Support: 1.1334.

Breakout SELL Level: 1.1327.

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