Technical analysis: Intraday levels for EUR/USD, Dec 05, 2018


When the European market opens, some economic data will be released such as Spanish 10-y Bond Auction, Retail Sales m/m, Final Services PMI, German Final Services PMI, French Final Services PMI, Italian Services PMI, and Spanish Services PMI. The US will also present several macroeconomic reports such as Beige Book, Crude Oil Inventories, IBD/TIPP Economic Optimism, ISM Non-Manufacturing PMI, Final Services PMI, Revised Unit Labor Costs q/q, Revised Nonfarm Productivity q/q, and ADP Non-Farm Employment Change. So, amid a busy economic calendar EUR/USD will trade with medium volatility during this day.


Breakout BUY Level: 1.1395

Strong Resistance:1.1388

Original Resistance: 1.1377

Inner Sell Area: 1.1366

Target Inner Area: 1.1339

Inner Buy Area: 1.1312

Original Support: 1.1301

Strong Support: 1.1290

Breakout SELL Level: 1.1283

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