TODAY's TECHNICAL LEVELS:
Breakout Buy level: 1.3445.
Strong resistance: 1.3437.
Original resistance: 1.3435.
Inner Sell area: 1.3412.
Target inner area: 1.3380.
Inner Buy area: 1.3347.
Original support: 1.3335.
Strong support: 1.3322.
Breakout SELL level: 1.3314.
DESCRIPTION:
Today the EUR/USD pair has support and resistance at 1.3335 and 1.3435. It is accompanied by strong support at 1.3322 and by 1.3437 as strong resistance.
If EUR/USD breaks out and closes below the 1.3314 level today, then this will indicate considerable bearish strength, while if EUR/USD manages to break out and close above the 1.3445 level, then this will denote high bullish strength. Alternatively for advance traders, you can trade in a way to open a Buy position at the level of 1.3347 and at 1.3412 – a Sell position. In this case both targets should be located at the level of 1.3380.
Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
http://instaforex.com
Email : 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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