TODAY's   TECHNICAL   LEVEL :

Breakout BUY Level : 1.2893.

Strong Resistance : 1.2885.

Original Resistance : 1.2873.

Inner Sell Area : 1.2860.

Target Inner Area : 1.2830.

Inner Buy Area : 1.2798.

Original Support : 1.2787.

Strong Support : 1.2774.

Breakout SELL Level : 1.2766.

DESCRIPTION :

Today the EUR/USD pair has support and resistance at 1.2787 and 1.2873 and is accompanied by the strong support 1.2774 and resistance1.2885 levels.

If the EUR/USD pair breaks through and closes below a 1.2766 level today, then this will indicate considerable bearish strength, while if the EUR/USD pair is able to break through and close above a 1.2893 level, then this will denote high bullish strength. It is possible to trade otherwise by opening BUY positions at the level of 1.2798 and SELL positions at 1.2860, provided that both targets are located at the level of 1.2830.

Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
http://instaforex.com