When the European market opens, some economic news will be released such as Sentix Investor Confidence. The US will not release any economic data for today, so amid the reports, EUR/USD will move low volatility today.

TODAY's TECHNICAL LEVELS:
Breakout BUY Level: 1.3714.
Strong Resistance:1.3705.
Original Resistance: 1.3692.
Inner Sell Area: 1.3679.
Target Inner Area: 1.3646.
Inner Buy Area: 1.3613.
Original Support: 1.3600.
Strong Support: 1.3587.
Breakout SELL Level: 1.3578.

DESCRIPTION:
Today EUR/USD has support and resistance at 1.3600 and 1.3692. The rate is accompanied by strong support at 1.3587 and by 1.3705 as strong resistance.

If EUR/USD breaks out and closes below the 1.3578 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above the 1.3714 level, 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 1.3613 and a SELL position at 1.3679. In this case, both targets should be placed at the level of 1.3646.

Best regards,
Arief Makmur
Official Analyst of InstaForexGroup
InstaForex Group http://instaforex.com
email: [email protected]
For more analysis go to: blog.mt5.com/arief
My profile: http://www.mt5.com/forex_analysis_award/profile/index/arief

Disclaimer:
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