TODAY's TECHNICAL LEVELS:
Breakout BUY Level: 1.2814.
Strong Resistance: 1.2806.
Original Resistance: 1.2794.
Inner Sell Area: 1.2781.
Target Inner Area: 1.2751.
Inner Buy Area: 1.2720.
Original Support: 1.2708.
Strong Support: 1.2695.
Breakout SELL Level: 1.2688.
DESCRIPTION:
Today EUR/USD has support and resistance at 1.2708 and 1.2794. The rate is accompanied by strong support at 1.2695 and by 1.2806 as strong resistance.
If EUR/USD breaks out and closes below 1.2688 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above 1.2814 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 1.2720 and at 1.2781, a SELL position. In this case both targets should be located at the level of 1.2751.
Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
http://instaforex.com
E-mail: Arief.jakarta@indo.instaforex.com