Breakout BUY Level: 1.2432.
Strong Resistance: 1.2424.
Original Resistance: 1.2413.
Inner Sell Area: 1.2401.
Target Inner Area: 1.2372.
Inner Buy Area: 1.2342.
Original Support: 1.2338.
Strong Support: 1.2319.
Breakout SELL Level: 1.2311.
DESCRIPTION:Today EUR/USD has support and resistance at 1.2338 and 1.2413 and is accompanied by strong support at 1.2319 and by 1.2424 as strong resistance.
If EUR/USD breaks out and closes below a 1.2311-level today, then this will indicate considerable bearish strength, while if EUR/USD manages to break out and close above a 1.2432-level, then this will denote high bullish strength. Alternatively, you can trade in a way to open a BUY position at the level of 1.2342 and at 1.2401 – a SELL position, in this case both targets should be located at the level of 1.2372.
Best regards,