Today's Technical Levels:
Breakout BUY Level: 1.2354.
Strong Resistance: 1.2346.
Original Resistance: 1.2335.
Inner Sell Area: 1.2323.
Target Inner Area: 1.2294.
Inner Buy Area: 1.2265.
Original Support: 1.2253.
Strong Support: 1.2241.
Breakout Sell Level 1.2234.
Description:
Today EUR/USD has support and resistance at 1.2253 and 1.2335 and is accompanied by strong support at 1.2241 and by 1.2346 as a strong resistance.
If EUR/USD breaks out and closes below a 1.2234-level today, then this will indicate a considerable bearish strength, while if EUR/USD manages to break out and close above a 1.2354-level, this will denote a high bullish strength. Alternatively, you can trade in a way to open a BUY position at the level of 1.2265, and at 1.2323– a SELL position; in this case both targets should be located at the level of 1.2294.
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