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FX.co ★ Technical analysis: Important Intraday Levels For EUR/USD, May 07, 2019

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Forex Analysis:::2019-05-07T04:30:11

Technical analysis: Important Intraday Levels For EUR/USD, May 07, 2019

Technical analysis: Important Intraday Levels For EUR/USD, May 07, 2019

When the European market opens, some economic data will be released such as Spanish 10-y Bond Auction, French Trade Balance, and German Factory Orders m/m. The US will also publish the economic data such as Consumer Credit m/m, IBD/TIPP Economic Optimism, and JOLTS Job Openings, so amid the reports, the EUR/USD pair will move with low to medium volatility during this day. TODAY'S TECHNICAL LEVELS: Breakout BUY Level: 1.1255. Strong Resistance: 1.1249. Original Resistance: 1.1238. Inner Sell Area: 1.1227. Target Inner Area: 1.1201. Inner Buy Area: 1.1175. Original Support: 1.1164. Strong Support: 1.1153. Breakout SELL Level: 1.1147. (Disclaimer)

Analyst InstaForex
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