Today's Technical Levels:

Breakout BUY Level: 1.3052.

Strong Resistance: 1.3044.

Original Resistance: 1.3034.

Inner Sell Area: 1.3022.

Target Inner Area: 1.2990.

Inner Buy Area: 1.2959.

Original Support: 1.2948.

Strong Support: 1.2935.

Breakout SELL Level: 1.2927.

Description:

Today EUR/USD has support and resistance at 1.2948 and 1.3034 and is accompanied by strong support at 1.2935 and by 1.3044 as strong resistance.

If EUR/USD breaks out and closes below 1.2927 level today, this will indicate considerable bearish strength, while if EUR/USD manages to break out and close above 1.3052 level, this will denote a high bullish strength. Alternatively, for advance traders, you can trade in a way to open BUY position at the level of 1.2959 and SELL position at 1.3022. In this case both targets should be located at the level of 1.2990.

Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
http://www.ifxwork.com
Email : Arief.jakarta@indo.instaforex.com