Breakout BUY Level: 1.2993.
Strong Resistance: 1.2985.
Original Resistance: 1.2973.
Inner Sell Area: 1.2961.
Target Inner Area: 1.2930.
Inner Buy Area: 1.2899.
Original Support: 1.2887.
Strong Support: 1.2875.
Breakout SELL Level: 1.2867.
DESCRIPTION:Today EUR/USD has support and resistance at 1.2887 and 1.2973 and is accompanied by strong support at 1.2875 and by 1.2985 as strong resistance.
If EUR/USD breaks out and closes below a 1.2867 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and close above 1.2993 level, then it will denote high bullish strength. Alternatively, for advance traders, you can trade in a way to open a BUY position at the level of 1.2899 and at 1.2961 a SELL position, in this case both targets should be located at the level of 1.2930.
Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
http://instaforex.com
Email : Arief.jakarta@indo.instaforex.com