TODAY'S TECHNICAL LEVELS:
Breakout BUY Level: 1.3083.
Strong Resistance: 1.3075.
Original Resistance: 1.3063.
Inner Sell Area: 1.3050.
Target Inner Area: 1.3020.
Inner Buy Area: 1.2989.
Original Support: 1.2977.
Strong Support: 1.2965.
Breakout SELL Level: 1.2957.
DESCRIPTION:
Today EUR/USD has support and resistance at 1.2977 and 1.3063. The rate is accompanied by strong support at 1.2965 and by 1.3075 as strong resistance.
If EUR/USD breaks out and closes below 1.2957 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above 1.3083 level, then it will denote high bullish strength. Alternatively, for advance traders, you can trade in a way to open a BUY position at the level of 1.2989 and at 1.3050, a SELL position. In this case both targets should be located at the level of 1.3020.
Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
http://instaforex.com
E-mail: Arief.jakarta@indo.instaforex.com
Arief Makmur is taking part in the "Analyst of the Year" award organized by MT5.com portal. If you like his article, please vote for him.
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