Breakout BUY Level: 1.3075.
Strong Resistance: 1.3067.
Original Resistance: 1.3056.
Inner Sell Area: 1.3043.
Target Inner Area: 1.3013.
Inner Buy Area: 1.2982.
Original Support: 1.2970.
Strong Support: 1.2957.
Breakout SELL Level: 1.2950.
DESCRIPTION:Today EUR/USD has support and resistance at 1.2970 and 1.3056. It is accompanied by strong support at 1.2957 and by 1.3067 as strong resistance.
If EUR/USD breaks out and closes below a 1.2950 level today, then this will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and close above a 1.3075 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 1.2982 and at 1.3043 a SELL position, in this case both targets should be located at the level of 1.3013.
Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
http://instaforex.com
Email : Arief.jakarta@indo.instaforex.com