Technical analysis of EUR/USD for July 16, 2014
TODAY's TECHNICAL LEVELS:
Breakout BUY Level: 1.3635.
Strong Resistance:1.3627.
Original Resistance: 1.3614.
Inner Sell Area: 1.3601.
Target Inner Area: 1.3569.
Inner Buy Area: 1.3537.
Original Support: 1.3524.
Strong Support: 1.3511.
Breakout SELL Level: 1.3503.
DESCRIPTION:
Today, EUR/USD has support at 1.3524 and resistance is at 1.3614. The rate is accompanied by strong support at 1.3511 and by 1.3627 as strong resistance.
If EUR/USD breaks out and closes below the 1.3503 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above the 1.3635 level, then it will denote high bullish strength. Alternatively, for advanced traders, you can trade in a way to open a BUY position at the level of 1.3537 and a SELL position at 1.3601. In this case both targets should be placed at the level of 1.3569.
Performed by Arief Makmur, Analytical expert
InstaForex Group © 2007-2014
TODAY's TECHNICAL LEVELS:
Breakout BUY Level: 1.3635.
Strong Resistance:1.3627.
Original Resistance: 1.3614.
Inner Sell Area: 1.3601.
Target Inner Area: 1.3569.
Inner Buy Area: 1.3537.
Original Support: 1.3524.
Strong Support: 1.3511.
Breakout SELL Level: 1.3503.
DESCRIPTION:
Today, EUR/USD has support at 1.3524 and resistance is at 1.3614. The rate is accompanied by strong support at 1.3511 and by 1.3627 as strong resistance.
If EUR/USD breaks out and closes below the 1.3503 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above the 1.3635 level, then it will denote high bullish strength. Alternatively, for advanced traders, you can trade in a way to open a BUY position at the level of 1.3537 and a SELL position at 1.3601. In this case both targets should be placed at the level of 1.3569.
Performed by Arief Makmur, Analytical expert
InstaForex Group © 2007-2014