TODAY's TECHNICAL LEVELS:
Breakout Buy Level: 1.3115.
Strong Resistance: 1.3107.
Original Resistance: 1.3094.
Inner Sell Area: 1.3081.
Target Inner Area: 1.3050.
Inner Buy Area: 1.3019.
Original Support: 1.3006.
Strong Support: 1.2993.
Breakout Sell Level: 1.2985.
DESCRIPTION:
Today the EUR/USD pair has support and resistance at 1.3006 and 1.3081. It is accompanied by strong support at 1.2993 and by strong resistance 1.3107.
If EUR/USD breaks out and closes below the 1.298 level today, this will indicate considerable bearish strength; while if EUR/USD manages to break out and close above the 1.3115 level, then it will denote impressive bullish strength. Alternatively for advance traders, you can trade in a way to open a Buy position at the level of 1.3019 and a Sell position - at the level of 1.3081. Both targets should be located at the level of 1.3050.
Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
https://instaforex.com
Email : Arief.jakarta@indo.instaforex.com
