TODAY's TECHNICAL LEVELS:
Breakout BUY Level : 1.2708.
Strong Resistance : 1.2701.
Original Resistance : 1.2689.
Inner Sell Area : 1.2677.
Target Inner Area : 1.2647.
Inner Buy Area : 1.2617.
Original Support : 1.2605.
Strong Support : 1.2591.
Breakout SELL Level : 1.2584.
DESCRIPTION:
Today EUR/USD has support and resistance at 1.2605 and 1.2689б and is accompanied by strong support at 1.2591 and by 1.2701 as strong resistance.
If EUR/USD breaks out and closes below a 1.2584-level today, then this will indicate considerable bearish strength, while if EUR/USD manages to break out and close above a 1.2708-level, then this will denote high bullish strength. Alternatively, you can trade in a way to open a BUY position at the level of 1.2617, and at 1.2677 – a SELL position, in this case both targets should be located at the level of 1.2647.
