TODAY's TECHNICAL LEVELS:
Breakout BUY Level : 1.2739.
Strong Resistance : 1.2731.
Original Resistance : 1.2719.
Inner Sell Area : 1.2707.
Target Inner Area : 1.2677.
Inner Buy Area : 1.2646.
Original Support : 1.2635.
Strong Support : 1.2623.
Breakout SELL Level : 1.2615.
DESCRIPTION :
Today EUR/USD has support and resistance at 1.2635 and 1.2719, and is accompanied by strong support at 1.2623 and by 1.2731 as strong resistance.
If EUR/USD breaks out and closes below a 1.2615-level today, then this will indicate considerable bearish strength, while if EUR/USD manages to break out and close above a 1.2739-level, then this will denote high bullish strength. Alternatively, you can trade in a way to open a BUY position at the level of 1.2646, and at 1.2707– a SELL position; in this case both targets should be located at the level of 1.2677.
