TODAY's TECHNICAL LEVEL:
Breakout BUY Level: 1.3309.
Strong Resistance: 1.3302.
Original Resistance: 1.3289.
Inner Sell Area: 1.3276.
Target Inner Area: 1.3245.
Inner Buy Area: 1.3214.
Original Support: 1.3201.
Strong Support: 1.3188.
Breakout SELL Level: 1.3180.
DESCRIPTION :
Today EUR/USD has support and resistance at 1.3201 and 1.3289 and is accompanied by strong support at 1.3188 and by 1.3302 as strong resistance.
If EUR/USD breaks out and closes below a 1.3180-level today, then this will indicate considerable bearish strength, while if EUR/USD manages to break out and close above a 1.3309-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 1.3214- and at 1.3276– a SELL position, in this case both targets should be located at the level of 1.3245.
Best regards,
Arief Makmur
Official Analyst of InstaForex Group
InstaForex Group
http://instaforex.com
Email : Arief.jakarta@indo.instaforex.com