Today’s Technical Level:
Breakout BUY Level: 1.2318.
Strong Resistance: 1.2311.
Original Resistance: 1.2300.
Inner Sell Area: 1.2288.
Target Inner Area: 1.2260.
Inner Buy Area: 1.2230.
Original Support: 1.2220.
Strong Support: 1.2208.
Breakout SELL Level: 1.2201.
Description:
Today EUR/USD has support and resistance at 1.2220 and 1.2300 and is accompanied by strong support at 1.2208 and by 1.2311 as strong resistance.
If EUR/USD breaks out and closes below a 1.2201 level today, this will indicate a considerable bearish strength, while if EUR/USD manages to break out and closes above a 1.2318 level, this will denote a high bullish strength. Alternatively, you can trade in a way to open a BUY position at the level of 1.2230, and SELL position at 1.2288; in this case both targets should be located at the level of 1.2260.
Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
https://instaforex.com
Email : Arief.ifx.jakarta@gmail.co
