Today EUR/USD has support and resistance at 1.2690 and 1.2774 and is accompanied by strong support at 1.2678 and by 1.2786 as strong resistance.If EUR/USD breaks out and closes below a 1.2670-level today, then this will indicate considerable bearish strength, while if EUR/USD manages to break out and close above a 1.2793-level, then this will denote high bullish strength. Alternatively, you can trade in a way to open a BUY position at the level of 1.2702, and at 1.2762 – a SELL position, in this case both targets should be located at the level of 1.2732.
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