05.05.201704:46 Forex Analysis & Reviews: Technical analysis of EUR/USD for May 05, 2017

Long-term review

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When the European market opens, European Commission Economic Forecasts will have been posted in the eurozone. The US will release the Economic Data too such as Consumer Credit m/m, Fed Chair Yellen Speaks, Unemployment Rate, Non-Farm Employment Change, and Average Hourly Earnings m/m. So amid the reports, EUR/USD will move with medium volatility during this day.

TODAY'S TECHNICAL LEVELS:

Breakout BUY Level: 1.1032.

Strong Resistance:1.1026.

Original Resistance: 1.1015.

Inner Sell Area: 1.1004.

Target Inner Area: 1.0979.

Inner Buy Area: 1.0954.

Original Support: 1.0943.

Strong Support: 1.0932.

Breakout SELL Level: 1.0926.

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