TODAY'S TECHNICAL LEVELS:
Breakout BUY Level: 1.3099.
Strong Resistance: 1.3092.
Original Resistance: 1.3079.
Inner Sell Area: 1.3066.
Target Inner Area: 1.3036.
Inner Buy Area: 1.3006.
Original Support: 1.2993.
Strong Support: 1.2980.
Breakout SELL Level: 1.2973.
DESCRIPTION:
Today EUR/USD has support and resistance at 1.2993 and 1.3079.
The rate is accompanied by strong support at 1.2980 and by 1.3092
as strong resistance. If EUR/USD breaks out and closes below 1.2973
level today, then it will indicate considerable bearish strength. Meanwhile,
if EUR/USD manages to break out and closes above 1.3099 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 1.3006 and at
1.3066, a SELL position. In this case both targets should be located at
the level of 1.3036.
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_
