TODAY's TECHNICAL LEVELS:
Breakout BUY Level : 1.3020.
Strong Resistance : 1.3012.
Original Resistance : 1.3001.
Inner Sell Area : 1.2988.
Target Inner Area : 1.2958.
Inner Buy Area : 1.2927.
Original Support : 1.2915.
Strong Support : 1.2902.
Breakout SELL Level : 1.2895.
DESCRIPTION :
Today EUR/USD has support and resistance at 1.2915 and 1.3001 and is accompanied by strong support at 1.2902 and by 1.3012 as strong resistance.
If EUR/USD breaks out and closes below a 1.2895-level today, then this will indicate considerable bearish strength, while if EUR/USD manages to break out and close above a 1.3020-level, then this will denote high bullish strength. Alternatively, you can trade in a way to open a BUY position at the level of 1.2927, and at 1.2988 – a SELL position, in this case both targets should be located at the level of 1.2958.
