16.05.201603:51 Forex Analysis & Reviews: Technical analysis of EUR/USD for May 16, 2016

Long-term review

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When the European market opens, no economic news will be released from the eurozone, but the US will release some economic data such as the TIC Long-Term Purchases, NAHB Housing Market Index, and Empire State Manufacturing Index. So amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:

Breakout BUY Level: 1.1372.

Strong Resistance: 1.1365.

Original Resistance: 1.1354.

Inner Sell Area: 1.1343.

Target Inner Area: 1.1316.

Inner Buy Area: 1.1289.

Original Support: 1.1278.

Strong Support: 1.1267.

Breakout SELL Level: 1.1260.

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