FX.co ★ Technical analysis of EUR/USD for May 21, 2015

When the European market opens, some economic news will be released such as the speech of ECB President Mario Draghi, the eurozone's reports on Consumer Confidence, ECB Monetary Policy Meeting Accounts, Current Account, Flash Services PMI, and Flash Manufacturing PMI. Besides, the data on Flash Services PMI and Flash Manufacturing PMI will be revealed in Germany and France.The US will provide its economic data too such as the statistics on Natural Gas Storage, Natural Gas Storage, CB Leading Index m/m, Existing Home Sales, Philly Fed Manufacturing Index, Flash Manufacturing PMI, and Unemployment Claims. So amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.1171.

Strong Resistance:1.1165.

Original Resistance: 1.1154.

Inner Sell Area: 1.1143.

Target Inner Area: 1.1117.

Inner Buy Area: 1.1091.

Original Support: 1.1080.

Strong Support: 1.1069.

Breakout SELL Level: 1.1063.

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