Breakout BUY Level: 1.2484.
Strong Resistance: 1.2475.
Original Resistance: 1.2466.
Inner Sell Area: 1.2454.
Target Inner Area: 1.2423.
Inner Buy Area: 1.2393.
Original Support: 1.2381.
Strong Support: 1.2369.
Breakout SELL Level: 1.2361.
DESCRIPTION:Today EUR/USD has support and resistance levels at 1.2381 and 1.2466 and is accompanied by considerable support at 1.2369 and by 1.2475 as a strong resistance.
In case EUR/USD breaks out and closes below a 1.2361-level today, then this will denote some bearish strength, while if EUR/USD manages to break out and close above a 1.2484-level, then this will denote high bullish strength. Alternatively, you can trade in a way to open a BUY position at the level of 1.2393 and at 1.2454 – a SELL position, in this case both targets should be located at the level of 1.2423.
Best regards,