Today’s Technical Levels:
Breakout BUY Level: 1.2334.
Strong Resistance: 1.2327.
Original Resistance: 1.2316.
Inner Sell Area: 1.2304.
Target Inner Area: 1.2276.
Inner Buy Area: 1.2247.
Original Support: 1.2236.
Strong Support: 1.2224.
Breakout SELL Level: 1.2217.
Description:
Today EUR/USD has support and resistance at 1.2236 and 1.2316 and is accompanied by strong support at 1.2224 and by 1.2327 as strong resistance.
If EUR/USD breaks out and closes below a 1.2217 level today, this will indicate a considerable bearish strength, while if EUR/USD manages to break out and close above a 1.2334 level, this will denote high bullish strength. Alternatively, you can trade in a way to open a BUY position at the level of 1.2247, and SELL position at 1.2304; in this case both targets should be located at the level of 1.2276.
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