TODAY's TECHNICAL LEVELS:
Breakout BUY Level: 1.2921.
Strong Resistance: 1.2914.
Original Resistance: 1.2902.
Inner Sell Area: 1.2889.
Target Inner Area: 1.2859.
Inner Buy Area: 1.2828.
Original Support: 1.2816.
Strong Support: 1.2804.
Breakout SELL Level: 1.2796.
DESCRIPTION:
Today EUR/USD has support and resistance at 1.2816 and 1.2902 and is accompanied by strong support at 1.2804 and by 1.2914 as strong resistance.
If EUR/USD breaks out and closes below a 1.2796 level today, then this will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and close above a 1.2921 level, then this will denote high bullish strength. Alternatively, for advance traders, you can trade in a way to open a BUY position at the level of 1.2828 and at 1.2889 a SELL position, in this case both targets should be located at the level of 1.2859.
Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
https://instaforex.com
Email : Arief.jakarta@indo.instaforex.com
