TODAY's TECHNICAL LEVELS:
Breakout BUY Level: 1.3036.
Strong Resistance: 1.3028.
Original Resistance: 1.3016.
Inner Sell Area: 1.3004.
Target Inner Area: 1.2973.
Inner Buy Area: 1.2942.
Original Support: 1.2930.
Strong Support: 1.2917.
Breakout SELL Level: 1.2910.
DESCRIPTION:
Today EUR/USD has support and resistance at 1.2930 and 1.3016. The pair is accompanied by strong support at 1.2917 and by 1.3028 as strong resistance.
If EUR/USD breaks out and closes below 1.2910 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above 1.3036 level, then it will denote high bullish strength. Alternatively, for advance traders, you can trade in a way to open a BUY position at the level of 1.2942 and at 1.3004 - a SELL position. In this case both targets should be located at the level of 1.2973.
Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
http://instaforex.com
E-mail: Arief.jakarta@indo.instaforex.com