Technical analysis: key intraday levels for EUR/USD, May 03, 2019


When the European market opens, some economic data will be released such as the PPI m/m, the Core CPI Flash Estimates y/y, and the CPI Flash Estimate y/y. Meanwhile, the US will release the ISM Non-Manufacturing PMI, the final Services PMI, the preliminary Wholesale Inventories m/m, the Goods Trade Balance, as well as the Unemployment Rate, the Non-Farm Employment Change, and the Average Hourly Earnings m/m. So amid the reports, EUR/USD will move in medium to high volatility during this day.


Breakout BUY Level: 1.1227. Strong Resistance:1.1221. Original Resistance: 1.1210. Inner Sell Area: 1.1199. Target Inner Area: 1.1173. Inner Buy Area: 1.1147. Original Support: 1.1136. Strong Support: 1.1125. Breakout SELL Level: 1.1119.

The material has been provided by InstaForex Company -