FX.co ★ Technical analysis of EUR/USD for May 11, 2016

When the European market opens, no economic news will be released from the euro zone today. However, the US will release several economic reports such as Federal Budget Balance, 10-y Bond Auction, and Crude Oil Inventories. So amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:

Breakout BUY Level: 1.1429.

Strong Resistance:1.1422.

Original Resistance: 1.1411.

Inner Sell Area: 1.1400.

Target Inner Area: 1.1373.

Inner Buy Area: 1.1346.

Original Support: 1.1335.

Strong Support: 1.1324.

Breakout SELL Level: 1.1317.

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