Today's Technical Levels:
Breakout BUY Level: 1.2572.
Strong Resistance: 1.2564.
Original Resistance: 1.2552.
Inner Sell Area: 1.2540.
Target Inner Area: 1.2510.
Inner Buy Area: 1.2480.
Original Support: 1.2468.
Strong Support: 1.2456.
Breakout SELL Level: 1.2449.
Description:
Today EUR/USD has support and resistance at 1.2468 and 1.2552 and is accompanied by strong support at 1.2456 and by 1.2564 as strong resistance.
If EUR/USD breaks out and closes below 1.2449 level today, this will indicate a considerable bearish strength, while if EUR/USD manages to break out and close above 1.2572 level, then this will denote a high bullish strength. Alternatively, for advance traders, you can trade in a way to open a BUY position at the level of 1.2480- and at 1.2540– a SELL position, in this case both targets should be located at the level of 1.2510.
Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
https://instaforex.com
Email : Arief.ifx.jakarta@gmail.com
