TODAY's  TECHNICAL  LEVELS:

Breakout BUY Level: 1.2844.
Strong Resistance: 1.2836.
Original Resistance: 1.2824.
Inner Sell Area: 1.2811.
Target Inner Area: 1.2781.
Inner Buy Area: 1.2750.
Original Support: 1.2738.
Strong Support: 1.2726.
Breakout SELL Level: 1.2718.

DESCRIPTION:

Today EUR/USD has support and resistance at 1.2738 and 1.2824. The rate is accompanied by strong support at 1.2726 and by 1.2836, as strong resistance.
If EUR/USD breaks out and closes below 1.2718 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above 1.2844 level, then it will denote high bullish strength. Alternatively, for advance traders, you can trade in a way to open a BUY position at the level of 1.2750 and at 1.2811, a SELL position. In this case both targets should be located at the level of 1.2781.

Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
http://instaforex.com
E-mail: [email protected]