TODAY's TECHNICAL LEVELS:

Breakout BUY Level: 1.2741.

Strong Resistance: 1.2733.

Original Resistance: 1.2721.

Inner Sell Area: 1.2709.

Target Inner Area: 1.2679.

Inner Buy Area: 1.2649.

Original Support: 1.2637.

Strong Support: 1.2625.

Breakout SELL Level: 1.2617.

DESCRIPTION:

Today EUR/USD has support and resistance at 1.2637 and 1.2721 and is accompanied by strong support at 1.2625 and by 1.2733 as strong resistance.

If EUR/USD breaks out and closes below a 1.2617-level today, then this will indicate considerable bearish strength, while if EUR/USD manages to break out and close above a 1.2741-level, then this will denote high bullish strength. Alternatively, you can trade in a way to open a BUY position at the level of 1.2649, and at 1.2709 – a SELL position, in this case both targets should be located at the level of 1.2679.

Best regards,