TODAY's TECHNICAL LEVELS:
Breakout Buy Level: 1.3436.
Strong Resistance: 1.3429.
Original Resistance: 1.3418.
Inner Sell Area: 1.3405.
Target Inner Area: 1.3373.
Inner Buy Area: 1.3341.
Original Support: 1.3328.
Strong Support: 1.3318.
Breakout Sell Level: 1.3307.
DESCRIPTION:
Today EUR/USD has support and resistance at 1.3328 and 1.3418. The rate is accompanied by strong support at 1.3318 and by 1.3429 as strong resistance.
If EUR/USD breaks out and closes below the 1.3307 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above the 1.3436 level, 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 1.3341 and a Sell position - at 1.3405. In this case both targets should be located at the level of 1.3373.
Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
https://instaforex.com
Email : Arief.jakarta@indo.instaforex.com
