Breakout BUY Level: 1.3077.
Strong Resistance: 1.3069.
Original Resistance: 1.3058.
Inner Sell Area: 1.3045.
Target Inner Area: 1.3015.
Inner Buy Area: 1.2984.
Original Support: 1.2972.
Strong Support: 1.2959.
Breakout SELL Level: 1.2952.
DESCRIPTION:Today EUR/USD has support and resistance at 1.2972 and 1.3058 and is accompanied by strong support at 1.2959 and by 1.3069 as strong resistance.
If EUR/USD breaks out and closes below a 1.2952 level today, then this will indicate considerable bearish strength, while if EUR/USD manages to break out and close above a 1.3077 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 1.2984 and at 1.3045 a SELL position, in this case both targets should be located at the level of 1.3015.
Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
http://instaforex.com
Email : Arief.jakarta@indo.instaforex.com
