TODAY's TECHNICAL LEVELS:
Breakout Buy Level: 1.3038.
Strong Resistance: 1.3030.
Original Resistance: 1.3018.
Inner Sell Area: 1.3005.
Target Inner Area: 1.2975.
Inner Buy Area: 1.2944.
Original Support: 1.2932.
Strong Support: 1.2920.
Breakout Sell Level: 1.2912.
DESCRIPTION:
Today EUR/USD has support and resistance at 1.2932 and 1.3018. The rate is accompanied by strong support at 1.2920 and by 1.3030 as strong resistance.
If EUR/USD breaks out and closes below 1.2912 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and close above 1.3038 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 1.2944 and at 1.3005, a SELL position. In this case both targets should be located at the level of 1.2975.
Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
https://instaforex.com
E-mail: Arief.jakarta@indo.instaforex.com
