TODAY OUTLOOK : After testing the 1.3750 level that acted as a strong support yesterday, the pair reversed to the upside until it broke out above the Resistance 1.3857 and found new Resistance at 1.3893 (near the 1.3900 level).
Afterwards the EUR/USD returned to the downside to re-test the last resistance that became a new support. Today in the early morning the pair started to test the 1.3875 level and came back to the downside to test the support at the 1.3850 level. It is clear that today the EUR/USD has been trapped between 1.3850 and 1.3875; please pay attention to breakout of these two levels, especially in the London session.
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TODAY SUGGESTION :
BUY if this pair can break out and close above the 1.3875 level, set Take profit at 1.3900 as the first target and 1.3925 as the second target.
SELL if this pair can break out and close below the 1.3850 level, set Take profit at 1.3825 as the first target and 1.3800 as the seecond target.
TODAY TECHNICAL LEVEL :
Breakout Buy level : 1.3926.
Strong Resistance : 1.3918.
Original Resistance : 1.3905.
Inner Sell Area : 1.3892.
Target Inner Area : 1.3859.
Inner Buy Area : 1.3826.
Original Support : 1.3813.
Strong Support : 1.3800.
Breakout Sell level : 1.3792.
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