TODAY's NEWS RELEASE:
1. U.S. Unemployment Claims.
TODAY's TECHNICAL LEVELS:
Breakout BUY Level: 1.3180.
Strong Resistance: 1.3172.
Original Resistance: 1.3159.
Inner Sell Area: 1.3146.
Target Inner Area: 1.3115.
Inner Buy Area: 1.3084.
Original Support: 1.3071.
Strong Support: 1.3058.
Breakout SELL Level: 1.3050.
DESCRIPTION :
Today the EUR/USD has support and resistance at 1.3071 and 1.3159.
The rate is accompanied by strong support at 1.3058 and by 1.3172 as
strong resistance. If the EUR/USD breaks out and closes below 1.3050
level today, then it will indicate considerable bearish strength. Meanwhile,
if the EUR/USD manages to break out and closes above 1.3180 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 1.3084
and a SELL position at 1.3146. In this case both targets should be
located at the level of 1.3115.
Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
http://instaforex.com
Email : Arief.jakarta@indo.instaforex.
Yahoo Messenger & Skype : Arief.ifx_jakarta
blog.mt5.com/arief
http://www.mt5.com/forex_
