TODAY's TECHNICAL LEVELS:
Breakout BUY Level: 1.2248.
Strong Resistance: 1.2240.
Original Resistance: 1.2229.
Inner Sell Area: 1.2217.
Target Inner Area: 1.2188.
Inner Buy Area: 1.2159.
Original Support: 1.2147.
Strong Support: 1.2137.
Breakout SELL Level: 1.2129.
DESCRIPTION:
Today EUR/USD has support and resistance at 1.2147 and 1.2229 and is accompanied by strong support at 1.2137 and by 1.2240 as strong resistance.
If EUR/USD breaks out and closes below a 1.2129-level today, then this will indicate considerable bearish strength, while if EUR/USD manages to break out and close above a 1.2248-level, then this will denote high bullish strength. Alternatively, you can trade in a way to open a BUY position at the level of 1.2159, and at 1.2217 – a SELL position, in this case both targets should be located at the level of 1.2188.
Best regards,
