TODAY'S TECHNICAL LEVELS:
Breakout BUY Level: 1.3135.
Strong Resistance: 1.3128.
Original Resistance: 1.3115.
Inner Sell Area: 1.3102.
Target Inner Area: 1.3072.
Inner Buy Area: 1.3041.
Original Support: 1.3028.
Strong Support: 1.3015.
Breakout SELL Level: 1.3008.
DESCRIPTION:
Today EUR/USD has support and resistance at 1.3028 and 1.3115. The rate is accompanied by strong support at 1.3015 and by 1.3128 as strong resistance.
If EUR/USD breaks out and closes below 1.3008 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above 1.3135 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 1.3041 and at 1.3102, a SELL position. In this case both targets should be located at the level of 1.3072.
Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
https://instaforex.com
E-mail: Arief.jakarta@indo.instaforex.com
Yahoo Messenger & Skype: Arief.ifx_jakarta
Gtalk: Arief.ifx.jakarta
https://www.mt5.com/forex_analysis_award/profile/index/arief
