TODAY's   TECHNICAL   LEVELS:

Breakout BUY Level: 1.2447.

Strong Resistance: 1.2440.

Original Resistance: 1.2428.

Inner Sell Area: 1.2416.

Target Inner Area: 1.2387.

Inner Buy Area: 1.2357.

Original Support: 1.2346.

Strong Support: 1.2333.

Breakout SELL Level: 1.2326.

DESCRIPTION:

At the moment EUR/USD has support and resistance at 1.2346 and 1.2428 and is accompanied by strong support at 1.2333 and by 1.2440 as strong resistance.

If EUR/USD breaks out and closes below a 1.2326-level today, then this will indicate considerable bearish strength, while if EUR/USD manages to break out and close above a 1.2447-level, then this will denote high bullish strength. Alternatively, you can trade in a way to open a BUY position at the level of 1.2357- and at 1.2416– a SELL position, in this case both targets should be located at the level of 1.2387.

Best regards,