TODAY's TECHNICAL LEVELS:
Breakout Buy Level: 1.3295.
Strong Resistance: 1.3287.
Original Resistance: 1.3275.
Inner Sell Area: 1.3262.
Target Inner Area: 1.3231.
Inner Buy Area: 1.3199.
Original Support: 1.3187.
Strong Support: 1.3174.
Breakout Sell Level: 1.3166.
DESCRIPTION:
Today EUR/USD has support and resistance at 1.3187 and 1.3275. It is accompanied by strong support at 1.3174 and by 1.3287 as strong resistance.
If EUR/USD breaks out and closes below the 1.3166 level today, it will indicate considerable bearish strength, while if EUR/USD manages to break out and close above the 1.3295 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 1.3199 and at 1.3262 a Sell position, in this case both targets should be located at the level of 1.3231.
Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
http://instaforex.com
Email : Arief.jakarta@indo.instaforex.com