Breakout BUY Level: 1.2336.
Strong Resistance: 1.2329.
Original Resistance: 1.2317.
Inner Sell Area: 1.2305.
Target Inner Area: 1.2276.
Inner Buy Area: 1.2247.
Original Support: 1.2235.
Strong Support: 1.2223.
Breakout SELL Level: 1.2215.
DESCRIPTION:Today EUR/USD has support and resistance at 1.2235 and 1.2317 and is accompanied by strong support at 1.2223 and by 1.2329 as strong resistance.
If EUR/USD breaks out and closes below a 1.2215-level today, then this will indicate considerable bearish strength, while if EUR/USD manages to break out and close above a 1.2336-level, then this will denote high bullish strength. Alternatively, you can trade in a way to open a BUY position at the level of 1.2247, and at 1.2305– a SELL position, in this case both targets should be located at the level of 1.2276.
Best regards,