TODAY'S TECHNICAL LEVELS:
Breakout BUY Level: 1.3105.
Strong Resistance: 1.3098.
Original Resistance: 1.3085.
Inner Sell Area: 1.3072.
Target Inner Area: 1.3042.
Inner Buy Area: 1.3012.
Original Support: 1.2999.
Strong Support: 1.2986.
Breakout SELL Level: 1.2979.
DESCRIPTION:
Today EUR/USD has support and resistance at 1.2999 and 1.3085.
The rate is accompanied by strong support at 1.2986 and by 1.3098
as strong resistance. If EUR/USD breaks out and closes below 1.2979
level today, then it will indicate considerable bearish strength.
Meanwhile, if EUR/USD manages to break out and closes above
1.3105 level, then it will denote high bullish strength. Alternatively,
for advance traders, you can trade in a way to open a BUY
at the level of 1.3012 and at 1.3072, a SELL position. In this case
both targets should be located at the level of 1.3042.
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_
