TODAY's TECHNICAL LEVELS:
Breakout BUY Level: 1.2968.
Strong Resistance: 1.2960.
Original Resistance: 1.2948.
Inner Sell Area: 1.2935.
Target Inner Area: 1.2905.
Inner Buy Area: 1.2874.
Original Support: 1.2862.
Strong Support: 1.2849.
Breakout SELL Level: 1.2841.
DESCRIPTION:
Today EUR/USD has support and resistance at 1.2862 and 1.2948. The rate is accompanied by strong support at 1.2849 and by 1.2960 as strong resistance. If EUR/USD breaks out and closes below 1.2841 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above 1.2968 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 1.2874 and at 1.2935, a SELL position. In this case both targets should be located at the level of 1.2905.
Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
http://instaforex.com
E-mail: Arief.jakarta@indo.instaforex.com