TODAY's TECHNICAL LEVELS:
Breakout BUY level: 1.3425.
Strong Resistance: 1.3417.
Original Resistance: 1.3404.
Inner Sell Area: 1.3391.
Target Inner Area: 1.3357.
Inner Buy Area: 1.3327.
Original Support: 1.3314.
Strong Support: 1.3301.
Breakout SELL level: 1.3293.
DESCRIPTION:
Today EUR/USD has support and resistance at 1.3314 and 1.3404. The
rate is accompanied by strong support at 1.3301 and by 1.3417 as strong
resistance. If EUR/USD breaks out and closes below 1.3293 today, then
it will indicate considerable bearish strength. Meanwhile, if EUR/USD
manages to break out and closes above the 1.3425 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 1.3327 and
at 1.3391, a SELL position. In this case both targets should be situated
at the level of 1.3357.
Best regards,
Arief Makmur
Official Analyst of InstaForex Group
InstaForex Group
http://instaforex.com
Email: Arief.jakarta@indo.instaforex.
blog.mt5.com/arief
http://www.mt5.com/forex_
