Today the EUR/USD pair has support and resistance levels at 1.2889 and 1.2975 and is accompanied by the strong support 1.2877 and resistance 1.2987 levels.If the EUR/USD pair breaks through and closes below a 1.2871 level today, then this will indicate considerable bearish strength. In case the EUR/USD pair is able to break through and close above a 1.2995 level, then this will denote high bullish strength. It is possible to trade othewise by opening BUY positions at the level of 1.2901 and SELL positions at 1.2963, provided that both targets should are located at the level of 1.2932. Best regards, Arief Makmur Official Analyst of InstaForex Companies Group InstaForex Companies Group http://instaforex.com Yahoo Messenger & Skype : Arief.ifx_jakarta Gtalk : Arief.ifx.jakarta
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.