Breakout BUY Level : 1.3181.
Strong Resistance : 1.3173.
Original Resistance : 1.3161.
Inner Sell Area : 1.3148.
Target Inner Area : 1.3117.
Inner Buy Area : 1.3085.
Original Support : 1.3073.
Strong Support : 1.3060.
Breakout SELL Level : 1.3052.
DESCRIPTION :Today EUR/USD has support and resistance at 1.3073 and 1.3161 and is accompanied by strong support at 1.3060 and by 1.3173 as strong resistance.
If EUR/USD breaks out and closes below a 1.3052-level today, then this will indicate considerable bearish strength, while if EUR/USD manages to break out and close above a 1.3181-level, then this will denote high bullish strength. Alternatively, you can trade in a way to open a BUY position at the level of 1.3085, and at 1.3148– a SELL position, in this case both targets should be located at the level of 1.3117.
Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group