TODAY's TECHNICAL LEVEL:
Breakout BUY Level: 1.3237.
Strong Resistance: 1.3229.
Original Resistance: 1.3217.
Inner Sell Area: 1.3204.
Target Inner Area: 1.3173.
Inner Buy Area: 1.3142.
Original Support: 1.3129.
Strong Support: 1.3116.
Breakout SELL Level: 1.3108.
DESCRIPTION:
Today EUR/USD has support and resistance at 1.3129 and 1.3217 and is accompanied by strong support at 1.3116 and by 1.3229 as strong resistance.
If EUR/USD breaks out and closes below a 1.3108-level today, then this will indicate considerable bearish strength, while if EUR/USD manages to break out and close above a 1.3237-level, then this will denote great bullish strength. Alternatively for advanced traders, you can trade in a way to open a BUY position at the level of 1.3142 and at 1.3204 – a SELL position, in this case both targets should be located at the level of 1.3173.
Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
https://instaforex.com
Email : Arief.jakarta@indo.instaforex.com
