Technical analysis: key intraday levels for EUR/USD for May 02, 2019


When the European market opens, some economic data will be released such as the Final Manufacturing PMI, the German Final Manufacturing PMI, the French Final Manufacturing PMI, the Italian Manufacturing PMI, the Spanish Manufacturing PMI, and the German Retail Sales m/m. At the same time, the US will release the Treasury Currency Report, the Natural Gas Storage data, Factory Orders m/m, Unemployment Claims, Prelim Unit Labor Costs q/q, as well as Prelim Nonfarm Productivity q/q, and Challenger Job Cuts y/y. So, amid the reports EUR/USD will move with low to medium volatility during this day.


Breakout BUY Level: 1.1257.

Strong Resistance:1.1250.

Original Resistance: 1.1239.

Inner Sell Area: 1.1228.

Target Inner Area: 1.1201.

Inner Buy Area: 1.1175.

Original Support: 1.1164.

Strong Support: 1.1153.

Breakout SELL Level: 1.1146.

The material has been provided by InstaForex Company -