TODAY'S TECHNICAL LEVELS:
Breakout BUY Level: 1.2445.Strong Resistance: 1.2438.
Original Resistance: 1.2426.
Inner Sell Area: 1.2414.
Target Inner Area: 1.2385.
Inner Buy Area: 1.2355.
Original Support: 1.2344.
Strong Support: 1.2331.
Breakout SELL Level: 1.2324.
DESCRIPTION:
Today EUR/USD has support and resistance at 1.2344 and 1.2426 and is accompanied by strong support at 1.2331 and by 1.2438 as strong resistance.If EUR/USD breaks out and closes below a 1.2324-level today, then this will indicate considerable bearish strength, while if EUR/USD manages to break out and close above a 1.2445-level, then this will denote high bullish strength. Alternatively, you can trade in a way to open a BUY position at the level of 1.2355- and at 1.2414 – a SELL position, in this case both targets should be located at the level of 1.2385.
Best regards,
Arief Makmur is taking part in the "Analyst of the Year" award organized by MT5.com portal. If you like his article, please vote for him.
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