TODAY TECHNICAL LEVEL :
Breakout Buy level : 1.3947.
Strong Resistance : 1.3938.
Original Resistance : 1.3925.
Inner Sell Area : 1.3912.
Target Inner Area : 1.3879.
Inner Buy Area : 1.3846.
Original Support : 1.3833.
Strong Support : 1.3820.
Breakout Sell level : 1.3811.
TODAY OUTLOOK :
The EUR/USD is now making a new downtrend channel, this is indicated by the lower peak level compared to a few recent highs. Today the pair is still in the Bearish situation and trading between Q2 and Q3 downtrend chanels. As long as the 1.3923 level cannot be broken out by this pair, the downside movement is still in advance. However, now the EUR/USD has been trading between 1.3875 and 1.3900. Please pay attention for the 1.3861 level because it is likely to be tested today as a 3-day low.
TODAY SUGGESTION :
BUY if this pair can break out and close above the 1.3900 level, set Take profit at 1.3910 as the first target and 1.3923 as the second target.
SELL if this pair can break out and close below the 1.3875 level, set Take profit at 1.3865 as the first target and 1.3850 as the second target.
http://instaforex.com/forex_analysis/24519/?x=OUE/
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