DESCRIPTION:
Today, EUR/USD has support at 1.3557 and resistance at 1.3647. The rate is accompanied by strong support at 1.3544 and by 1.3660 as strong resistance.

If EUR/USD breaks out and closes below the 1.3536 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above the 1.3668 level, it will mean high bullish strength. Alternatively, for advanced traders, you can trade in a way to open a BUY position at the level of 1.3570 and at 1.3634, a SELL position. In this case both targets should be placed at the level of 1.3602. Disclaimer:
Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.