Technical analysis: Intraday Level For EUR/USD, May 04, 2018


When the European market opens, some economic data will be released such as Retail Sales m/m, Final Services PMI, German Final Services PMI, French Final Services PMI, Italian Services PMI, Spanish Services PMI, French Trade Balance, and French Gov Budget Balance. The US will release a series of importanrt data on the labor market such as Unemployment Rate, Non-Farm Employment Change, and Average Hourly Earnings m/m. So amid the reports, EUR/USD will move with medium to high volatility during this day.


Breakout BUY Level: 1.2049.

Strong Resistance:1.2042.

Original Resistance: 1.2030.

Inner Sell Area: 1.2018.

Target Inner Area: 1.1990.

Inner Buy Area: 1.1962.

Original Support: 1.1950.

Strong Support: 1.1938.

Breakout SELL Level: 1.1931.

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