TODAY's TECHNICAL LEVELS:
Breakout BUY Level: 1.3129.
Strong Resistance: 1.3120.
Original Resistance: 1.3109.
Inner Sell Area: 1.3096.
Target Inner Area: 1.3065.
Inner Buy Area: 1.3033.
Original Support: 1.3021.
Strong Support: 1.3008.
Breakout SELL Level: 1.2990.
DESCRIPTION:
Today EUR/USD has support and resistance at 1.3021 and 1.3109. The rate is accompanied by strong support at 1.3008 and by 1.3120 as strong resistance.
If EUR/USD breaks out and closes below 1.2990 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above 1.3129 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 1.3033 and at 1.3096, a SELL position. In this case both targets should be located at the level of 1.3065.
Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
https://instaforex.com
E-mail: Arief.jakarta@indo.instaforex.com
