Today’s Technical Levels:
Breakout BUY Level: 1.2349.
Strong Resistance: 1.2342.
Original Resistance: 1.2331.
Inner Sell Area: 1.2319.
Target Inner Area: 1.2291.
Inner Buy Area: 1.2230.
Original Support: 1.2251.
Strong Support: 1.2239.
Breakout SELL Level: 1.2232.
Description:
Today EUR/USD has support and resistance at 1.2251 and 1.2331 and is accompanied by strong support at 1.2239 and by 1.2342 as strong resistance.
If EUR/USD breaks out and closes below 1.2232 level today, this will indicate a considerable bearish strength, while if EUR/USD manages to break out and close above 1.2349 level, this will denote a high bullish strength. Alternatively, you can trade in a way to open BUY position at the level of 1.2230-and SELL position at 1.2319; in this case both targets should be located at the level of 1.2291.
Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
https://instaforex.com
Email : Arief.ifx.jakarta@gmail.com
