Technical analysis of EUR/USD for May 22, 2017

Source: Forex Analysis

When the European market opens, some economic events will take place such as the Eurogroup’s meetings and the German Buba monthly report. At the same time, the economic calendar of the United States is bereft of any first-tier news. Therefore, amid the reports EUR/USD will move with low to medium volatility today.


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.

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