TODAY's TECHNICAL LEVELS :
Breakout BUY Level: 1.3003.
Strong Resistance: 1.2995.
Original Resistance: 1.2983.
Inner Sell Area: 1.2970.
Target Inner Area: 1.2939.
Inner Buy Area: 1.2908.
Original Support: 1.2895.
Strong Support: 1.2882.
Breakout SELL Level: 1.2875.
DESCRIPTION :
Today EUR/USD has support and resistance at 1.2895 and 1.2983 and is accompanied by strong support at 1.2882 and by 1.2995 as strong resistance.
If EUR/USD breaks out and closes below a 1.2875-level today, then this will indicate considerable bearish strength, while if EUR/USD manages to break out and close above the 1.3003 level, then this will denote high bullish strength. Alternatively for advance traders, you can trade in a way to open a BUY position at the level of 1.2908 and at 1.2970 a SELL position, in this case both targets should be located at the level of 1.2939.
Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
http://instaforex.com
Email : Arief.jakarta@indo.instaforex.com