TODAY'S TECHNICAL LEVELS:
Breakout BUY Level: 1.3436.
Strong Resistance: 1.3428.
Original Resistance: 1.3416.
Inner Sell Area: 1.3403.
Target Inner Area: 1.3371.
Inner Buy Area: 1.3338.
Original Support: 1.3326.
Strong Support: 1.3313.
Breakout SELL Level: 1.3305.
DESCRIPTION:
Today EUR/USD has support and resistance at 1.3326 and 1.3416. The rate is accompanied by strong support at 1.3313 and by 1.3428 as strong resistance.
If EUR/USD breaks out and closes below 1.3305 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above 1.3436 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 1.3338 and at 1.3403, a SELL position. In this case both targets should be located at the level of 1.3371.
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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