Today, some important news like US ADP Non-Farm Employment Change and US Core CPI will be released, and the most important news for tonight is the US FOMC Statement, which is expected by some market participants to bring a clue for the next investment in the futures.
TODAY's TECHNICAL LEVELS:
Breakout BUY level: 1.3812.
Strong Resistance:1.3803.
Original Resistance: 1.3790.
Inner Sell Area: 1.3777.
Target Inner Area: 1.3744.
Inner Buy Area: 1.3711.
Original Support: 1.3698.
Strong Support: 1.3685.
Breakout SELL level: 1.3676.
DESCRIPTION:
Today, EUR/USD has support and resistance at 1.3698 and 1.3790. The rate is accompanied by strong support at 1.3685 and by 1.3803 as strong resistance.
If EUR/USD breaks out and closes below 1.3676 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above 1.3812 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 1.3711 and at 1.3777, a SELL position. In this case both targets should be located at the level of 1.3744.
Best regards,
Official Analyst of InstaForex Group
InstaForex Group
http://instaforex.com
Email : Arief.jakarta@indo.instaforex.com
blog.mt5.com/arief
http://www.mt5.com/forex_analysis_award/profile/index/arief
Disclaimer:
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