TODAY's TECHNICAL LEVELS:
Breakout BUY Level : 1.2852.
Strong Resistance : 1.2845.
Original Resistance : 1.2833.
Inner Sell Area : 1.2820.
Target Inner Area : 1.2790.
Inner Buy Area : 1.2757.
Original Support : 1.2747.
Strong Support : 1.2734.
Breakout SELL Level : 1.2726.
DESCRIPTION :
Today EUR/USD has support and resistance at 1.2747 and 1.2833, and is accompanied by strong support at 1.2734 and 1.2845 - strong resistance.
If today the EUR/USD pair manages to break out and close below the 1.2726 level, then this will show considerable bearish strength, while if the EUR/USD pair today breaks out and closes above the 1.2852 level, then this will indicate considerable bullish strength. Alternatively, you can trade in a way to open a BUY position at the level of 1.2757 and 1.2820 – a SELL position, in which case both targets will be placed at the 1.2790 level.
If today the EUR/USD pair manages to break out and close below the 1.2726 level, then this will show considerable bearish strength, while if the EUR/USD pair today breaks out and closes above the 1.2852 level, then this will indicate considerable bullish strength. Alternatively, you can trade in a way to open a BUY position at the level of 1.2757 and 1.2820 – a SELL position, in which case both targets will be placed at the 1.2790 level.
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