TODAY’s TECHNICAL LEVELS:
Breakout BUY Level: 1.2949.
Strong Resistance: 1.2941.
Original Resistance: 1.2929.
Inner Sell Area: 1.2917.
Target Inner Area: 1.2886.
Inner Buy Area: 1.2855.
Original Support: 1.2843.
Strong Support: 1.2830.
Breakout SELL Level: 1.2823.

DESCRIPTION:
Today EUR/USD has support and resistance at 1.2843 and 1.2929 and is accompanied by strong support at 1.2830 and by 1.2941 as strong resistance.
If EUR/USD breaks out and closes below 1.2823 level today, then this will indicate considerable bearish strength, while if EUR/USD manages to break out and close above 1.2949 level, then this will denote high bullish strength. Alternatively, for advance traders, you can trade in a way to open a BUY position at the level of 1.2855 and at 1.2917 a SELL position. In this case both targets should be located at the level of 1.2886.


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