Breakout BUY Level: 1.2384.
Strong Resistance: 1.2376.
Original Resistance: 1.2365.
Inner Sell Area: 1.2353.
Target Inner Area: 1.2324.
Inner Buy Area: 1.2296.
Original Support: 1.2283.
Strong Support: 1.2274.
Breakout SELL Level: 1.2266.
DESCRIPTION:At present EUR/USD has support and resistance at 1.2283 and 1.2365 and is accompanied by strong support at 1.2274 and by 1.2376 as strong resistance.
If EUR/USD breaks out and closes below a 1.2266-level today, then this will indicate considerable bearish strength, while if EUR/USD manages to break out and close above a 1.2384-level, then this will denote high bullish strength. Alternatively for advance traders, you can trade in a way to open a BUY position at the level of 1.2296 and at 1.2353 – a SELL position, in this case both targets should be located at the level of 1.2324.
Best regards,