TODAY's TECHNICAL LEVELS:
Breakout BUY Level: 1.3225.
Strong Resistance: 1.3217.
Original Resistance: 1.3205.
Inner Sell Area: 1.3192.
Target Inner Area: 1.3161.
Inner Buy Area: 1.3033.
Original Support: 1.3117.
Strong Support: 1.3104.
Breakout SELL Level: 1.3096.
DESCRIPTION:
Today EUR/USD has support and resistance at 1.3117 and 1.3205. The rate is accompanied by strong support at 1.3104 and by 1.3217 as strong resistance.
If EUR/USD breaks out and closes below 1.3096 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above 1.3225 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 1.3192, a SELL position. In this case both targets should be located at the level of 1.3161.
Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
https://instaforex.com
E-mail: Arief.jakarta@indo.instaforex.com
