TODAY'S TECHNICAL LEVELS:
Breakout BUY Level: 1.2903.
Strong Resistance: 1.2896.
Original Resistance: 1.2883.
Inner Sell Area: 1.2870.
Target Inner Area: 1.2840.
Inner Buy Area: 1.2810.
Original Support: 1.2797.
Strong Support: 1.2784.
Breakout SELL Level: 1.2777.
DESCRIPTION:
Today EUR/USD has support and resistance at 1.2797 and 1.2883. The rate is
accompanied by strong support at 1.2784 and by 1.2896 as strong resistance.
If EUR/USD breaks out and closes below 1.2777 level today, then it will indicate
considerable bearish strength. Meanwhile, if EUR/USD manages to break out
and closes above 1.2903 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 1.2810 and at 1.2870, a SELL position. In this case both
targets should be located at the level of 1.2840.
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_
