Breakout BUY Level: 1.3131.
Strong Resistance: 1.3123.
Original Resistance: 1.3111.
Inner Sell Area: 1.3098.
Target Inner Area: 1.3066.
Inner Buy Area: 1.3035.
Original Support: 1.3022.
Strong Support: 1.3009.
Breakout SELL Level: 1.3002.
DESCRIPTION:Today EUR/USD has support and resistance at 1.3022 and 1.3111. The pair is accompanied by strong support at 1.3009 and by 1.3123 as strong resistance.
If EUR/USD breaks out and closes below 1.3002 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above 1.3131 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 1.3035 and at 1.3098 a SELL position. In this case both targets should be located at the level of 1.3066.
Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
http://instaforex.com
E-mail: Arief.jakarta@indo.instaforex.com