TODAY's TECHNICAL LEVELS:
Breakout BUY Level: 1.3379.
Strong Resistance: 1.3371.
Original Resistance: 1.3358.
Inner Sell Area: 1.3345.
Target Inner Area: 1.3314.
Inner Buy Area: 1.3283.
Original Support: 1.3270.
Strong Support: 1.3257.
Breakout SELL Level: 1.3249.
DESCRIPTION:
Today, EUR/USD has support and resistance at 1.3270 and 1.3358.
The rate is accompanied by strong support at 1.3257 and by 1.371
as strong resistance. If EUR/USD breaks out and closes below the
1.3249 level today, then it will indicate considerable bearish strength.
Meanwhile, if EUR/USD manages to break out and closes above the
1.3379 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 1.3283 and at 1.3345, a SELL position. In this case
both targets should be located at the level of 1.3314.
Best regards,
Arief Makmur
Official Analyst of InstaForex Group
InstaForex Group
http://instaforex.com
Email: Arief.jakarta@indo.instaforex.
Yahoo Messenger & Skype: Arief.ifx_jakarta
blog.mt5.com/arief
http://www.mt5.com/forex_
