TODAY's TECHNICAL LEVELS:
Breakout BUY Level: 1.2920.
Strong Resistance: 1.2912.
Original Resistance: 1.2900.
Inner Sell Area: 1.2888.
Target Inner Area: 1.2857.
Inner Buy Area: 1.2827.
Original Support: 1.2814.
Strong Support: 1.2802.
Breakout SELL Level: 1.2795.
DESCRIPTION:
Today EUR/USD has support and resistance at 1.2814 and 1.2900 and is accompanied by strong support at 1.2802 and by 1.2912 as strong resistance.
If EUR/USD breaks out and closes below a 1.2795 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and close above 1.2920 level, then it will denote high bullish strength. Alternatively, for advance traders, you can trade in a way to open a BUY position at the level of 1.2827 and at 1.2888 a SELL position. In this case both targets should be located at the level of 1.2857.
Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
https://instaforex.com
Email : Arief.jakarta@indo.instaforex.com
