TODAY's TECHNICAL LEVELS:
Breakout BUY Level : 1.3159.
Strong Resistance : 1.3150.
Original Resistance : 1.3139.
Inner Sell Area : 1.3127.
Target Inner Area : 1.3096.
Inner Buy Area : 1.3065.
Original Support : 1.3053.
Strong Support : 1.3041.
Breakout SELL Level : 1.3033.
DESCRIPTION :
Today EUR/USD has support and resistance at 1.3053 and 1.3139 and is accompanied by powerful support at 1.3041 and by 1.3150 as a good resistance.
If EUR/USD breaks through and closes below a 1.3033-level today, then this will trigger considerable bearish strength, while if EUR/USD manages to break out and close above a 1.3159-level, then this will denote high bullish trend. Thus, you can trade in a way to open a BUY position at the level of 1.3065, and at 1.3127 – a SELL position, in this case both targets should be located at the level of 1.3096.
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