Today’s Technical Levels:
Breakout BUY Level: 1.2123.
Strong Resistance: 1.2116.
Original Resistance: 1.2105.
Inner Sell Area: 1.2093.
Target Inner Area: 1.2065.
Inner Buy Area: 1.2034.
Original Support: 1.2025.
Strong Support: 1.2013.
Breakout SELL Level: 1.2006.
Description:
Today EUR/USD has support and resistance at 1.2025 and 1.2105 and is accompanied by strong support at 1.2013 and by 1.2116 as strong resistance.
If EUR/USD breaks out and closes below a 1.2006 level today, then this will be an indicator of a considerable bearish strength, while if EUR/USD manages to break out and closes above 1.2123 level, this will denote high bullish strength. Alternatively, you can trade in a way to open a BUY position at the level of 1.2034, and at 1.2093– a SELL position; in this case both targets should be located at the level of 1.2065.
Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
https://instaforex.com
Email : Arief.ifx.jakarta@gmail.com
