Technical analysis: Important Intraday Levels For EUR/USD, May 16, 2019


When the European market opens, some economic data will be released such as Trade Balance, Italian Trade Balance, and German Buba President Weidmann Speech. The US will also publish the economic data such as Treasury Currency Report, Natural Gas Storage, Unemployment Claims, Housing Starts, Philly Fed Manufacturing Index, and Building Permits, so amid the reports, EUR/USD will move with low to medium volatility during this day. TODAY'S TECHNICAL LEVELS: Breakout BUY Level: 1.1263. Strong Resistance: 1.1257. Original Resistance: 1.1246. Inner Sell Area: 1.1235. Target Inner Area: 1.1209. Inner Buy Area: 1.1183. Original Support: 1.1172. Strong Support: 1.1161. Breakout SELL Level: 1.1155. (Disclaimer)

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