TODAY'S TECHNICAL LEVELS:
Breakout BUY Level: 1.2983.
Strong Resistance: 1.2976.
Original Resistance: 1.2963.
Inner Sell Area: 1.2950.
Target Inner Area: 1.2920.
Inner Buy Area: 1.2890.
Original Support: 1.2877.
Strong Support: 1.2864.
Breakout SELL Level: 1.2857.
DESCRIPTION:
Today EUR/USD has support and resistance at 1.2877 and 1.2963.
The rate is accompanied by strong support at 1.2864 and by 1.2976 as strong resistance.
If EUR/USD breaks out and closes below 1.2857 level today, then it will indicate considerable
bearish strength. Meanwhile, if EUR/USD manages to break out and closes above 1.2983 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 1.2890 and at 1.2950,
a SELL position. In this case both targets should be located at the level of 1.2920.
Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
http://instaforex.com
Email: Arief.jakarta@indo.instaforex.
Yahoo Messenger and Skype: Arief.ifx_jakarta
blog.mt5.com/arief
http://www.mt5.com/forex_
