Breakout BUY Level: 1.2869.
Strong Resistance: 1.2862.
Original Resistance: 1.2850.
Inner Sell Area: 1.2837.
Target Inner Area: 1.2806.
Inner Buy Area: 1.2776.
Original Support: 1.2764.
Strong Support: 1.2851.
Breakout SELL Level: 1.2744.
Description:Today EUR/USD has support and resistance at 1.2764 and 1.2850 and is accompanied by strong support at 1.2851 and by 1.2862 as strong resistance.
If EUR/USD breaks out and closes below 1.2744 level today, then this will indicate a considerable bearish strength, while if EUR/USD manages to break out and close above 1.2869 level, then this will denote a high bullish strength. Alternatively, for advance traders, you can trade in a way to open a BUY position at the level of 1.2776- and at 1.2837– a SELL position. In this case both targets should be located at the level of 1.2806.
Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
http://instaforex.com
Email : Arief.jakarta@indo.instaforex.com