Today’s Technical Levels:
Breakout BUY Level: 1.2237.
Strong Resistance: 1.2229.
Original Resistance: 1.2218.
Inner Sell Area: 1.2206.
Target Inner Area: 1.2177.
Inner Buy Area: 1.2147.
Original Support: 1.2136.
Strong Support: 1.2124.
Breakout SELL Level: 1.2117.
Description:
Today EUR/USD has support and resistance at 1.2136 and 1.2218 and is accompanied by a strong support at 1.2124 and by 1.2229 as strong resistance.
If EUR/USD breaks out and closes below 1.2117 level today, this will indicate a considerable bearish strength, while if EUR/USD manages to break out and closes above a 1.2237-level, this will denote high bullish strength. Alternatively, you can trade in a way to open a BUY position at the level of 1.2147- and SELL position at 1.2206, in this case both targets should be located at the level of 1.2177.
Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
https://instaforex.com
Email : Arief.ifx.jakarta@gmail.com
