TODAY's TECHNICAL LEVELS:
Breakout BUY Level: 1.3111.
Strong Resistance: 1.3104.
Original Resistance: 1.3092.
Inner Sell Area: 1.3079.
Target Inner Area: 1.3048.
Inner Buy Area: 1.3016.
Original Support: 1.3004.
Strong Support: 1.2991.
Breakout SELL Level: 1.2984.
DESCRIPTION:
Today EUR/USD has support and resistance at 1.3004 and 1.3092. The rate is accompanied by strong support at 1.2991 and by 1.3104 as strong resistance.
If EUR/USD breaks out and closes below 1.2984 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and close above 1.3111 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 1.3016 and at 1.3079, a SELL position. In this case both targets should be located at the level of 1.3048.
Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
https://instaforex.com
E-mail: Arief.jakarta@indo.instaforex.com
