TODAY TECHNICAL LEVEL :
Breakout Buy level : 1.4276.
Strong Resistance : 1.4267.
Original Resistance : 1.4254.
Inner Sell Area : 1.4240.
Target Inner Area : 1.4207.
Inner Buy Area : 1.4173.
Original Support : 1.4160.
Strong Support : 1.4146.
Breakout Sell level : 1.4138.
TODAY OUTLOOK :
The EUR/USD has been trading in a sideways situation between the day's low at the 1.4064 level and the 3-day's high at the 1.4270 level. Today the pair is likely to test the Fibonacci support 38.2% at the 1.4191 level for the third time (in intraday charts m30). BUT if the 1.4200 level can act as a strong support, the pair has a chance to be back to the upside again and test the Fibonacci Resistance 23.6% at the 1.4222 level.
TODAY SUGGESTION :
BUY if the EUR/USD can break out and close above 1.4225; set Take profit at 1.4250 as the first target and the 3-days high at the 1.4270 as the second target.
SELL if the EUR/USD can break out and close below 1.4188; set Take profit at 1.4175 as the first target and 1.4165 as the second target.
