Technical analysis of EUR/USD for May 31, 2017

When the European market opens, some Economic Data will be released, such as Unemployment Rate, Italian Prelim CPI m/m, Core CPI Flash Estimate y/y, CPI Flash Estimate y/y, Italian Monthly Unemployment Rate, German Unemployment Change, French Prelim CPI m/m, and German Retail Sales m/m. The US will release the Economic Data, too, such as Beige Book, Pending Home Sales m/m, and Chicago PMI, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:
Breakout BUY Level: 1.1225.
Strong Resistance:1.1219.
Original Resistance: 1.1208.
Inner Sell Area: 1.1197.
Target Inner Area: 1.1171.
Inner Buy Area: 1.1145.
Original Support: 1.1134.
Strong Support: 1.1123.
Breakout SELL Level: 1.1117.

Analysis are provided by InstaForex