Today’s Technical Levels:
Breakout BUY Level: 1.2197.
Strong Resistance: 1.2189.
Original Resistance: 1.2178.
Inner Sell Area: 1.2167.
Target Inner Area: 1.2138.
Inner Buy Area: 1.2109.
Original Support: 1.2098.
Strong Support: 1.2086.
Breakout SELL Level: 1.2079.
Description:
Today EUR/USD has support and resistance at 1.2098 and 1.2178 and is accompanied by strong support at 1.2086 and by 1.2189 as strong resistance.
If EUR/USD breaks out and closes below a 1.2079 level today, then this will indicate a considerable bearish strength, while if EUR/USD manages to break out and close above a 1.2197 level, this will denote high bullish strength. Alternatively, you can trade in a way to open a BUY position at the level of 1.2109, and SELL position at 1.2167; in this case both targets should be located at the level of 1.2138.
Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
http://instaforex.com
Email : Arief.ifx.jakarta@gmail.com