TODAY TECHNICAL LEVEL :
Breakout Buy level : 1.3981.
Strong Resistance : 1.3972.
Original Resistance : 1.3959.
Inner Sell Area : 1.3946.
Target Inner Area : 1.3913.
Inner Buy Area : 1.3880.
Original Support : 1.3867.
Strong Support : 1.3853.
Breakout Sell level : 1.3845.
TODAY OUTLOOK :
After a breakout from the downtrend channell yesterday, the 1.3923 level has been tested by the pair; this level seems to have provided a strong support that caused this pair to go back to the downside. This situation makes the pair enter a ranging situation between 1.3875 and 1.3925. Now the 1.3875 level has been tested by this pair. If this level acts as a good support the pair will be going up to the 1.3875 level again; but if this pair still goes down, the 1.3852 level(3 days low) will be tested by the pair. If this level can be broken, the EUR/USD will enter the downtrend channel again.
TODAY SUGGESTION :
BUY if this pair can break out and close above the 1.3875 level, set Take profit at 1.3890 as the first target and 1.3900 as the second target.
SELL if this pair can break out and close bellow the 1.3860 level, set Take profit at 1.3850 as the firs target and 1.3838 as the second target.
