TODAY's TECHNICAL LEVELS:
Breakout BUY Level: 1.2811.
Strong Resistance: 1.2809.
Original Resistance: 1.2797.
Inner Sell Area: 1.2784.
Target Inner Area: 1.2754.
Inner Buy Area: 1.2721.
Original Support: 1.2711.
Strong Support: 1.2698.
Breakout SELL Level: 1.2689.
DESCRIPTION:
Today EUR/USD has support and resistance at 1.2711 and 1.2797. The rate is accompanied by strong support at 1.2698 and by 1.2809 as strong resistance. If EUR/USD breaks out and closes below 1.2689 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above 1.2811 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 1.2721 and at 1.2784, a SELL position. In this case both targets should be located at the level of 1.2754.
Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
https://instaforex.com
E-mail: Arief.jakarta@indo.instaforex.com
