TODAY TECHNICAL LEVEL :
Breakout Buy level : 1.3953.
Strong Resistance : 1.3944.
Original Resistance : 1.3931.
Inner Sell Area : 1.3918.
Target Inner Area : 1.3885.
Inner Buy Area : 1.3852.
Original Support : 1.3839.
Strong Support : 1.3825.
Breakout Sell level : 1.3814.
TODAY OUTLOOK :
Today the pair tested two previous peaks (1.3937 and the 1.3949) to go down further and find its strong support at 1.3875, thus making a new "Double Bottom" Pattern formation. If the neck of this "Double Bottom" formation (1.3968) can be broken out, the EUR/USD has a potential to go up. On the other hand if the 1.3869 level can be broken out, it will hold the upside movement for the EUR/USD.
TODAY SUGGESTION :
BUY if the EUR/USD can break out and close above 1.3925, set Take profit at 1.3936 as the first target and 1.3950 as the second target.
SELL if the EUR/USD can break out and close below 1.3900, set Take profit at 1.3890 as the first target and 1.3879 as the second target.
