Today’s Technical Levels:Breakout BUY Level: 1.2363.
Strong Resistance: 1.2356.
Original Resistance: 1.2344.
Inner Sell Area: 1.2332.
Target Inner Area: 1.2303.
Inner Buy Area: 1.2274.
Original Support: 1.2262.
Strong Support: 1.2250.
Breakout SELL Level: 1.2242.
Description:
Today EUR/USD has support and resistance at 1.2262 and 1.2344 and is accompanied by strong support at 1.2250 and by 1.2356 as strong resistance.
If EUR/USD breaks out and closes below a 1.2242 level today, then this will indicate considerable bearish strength, while if EUR/USD manages to break out and close above a 1.2363 level, this will denote high bullish strength. Alternatively, you can trade in a way to open a BUY position at the level of 1.2274, and SELL position at 1.2332; in this case both targets should be located at the level of 1.2303.
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