TODAY'S TECHNICAL LEVELS:
Breakout BUY Level: 1.3371.
Strong Resistance: 1.3364.
Original Resistance: 1.3351.
Inner Sell Area: 1.3338.
Target Inner Area: 1.3307.
Inner Buy Area: 1.3276.
Original Support: 1.3263.
Strong Support: 1.3250.
Breakout SELL Level: 1.3242.
DESCRIPTION:
Today EUR/USD has support and resistance at 1.3263 and 1.3351. The rate is accompanied by strong support at 1.3250 and by 1.3364 as strong resistance.
If EUR/USD breaks out and closes below 1.3242 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above 1.3371 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 1.3276 and at 1.3338, a SELL position. In this case both targets should be located at the level of 1.3307.
Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
https://instaforex.com
E-mail: Arief.jakarta@indo.instaforex.com
