Traders who will open a position today should tight the stop or close opened positions, because the US Government will release the Unemployment Rate and Non Farm Payrolls, because earlier the US Government operation was suspended, so the release of these two important news is scheduled for today. So, it is more wise to open a trade one hour after the figures are released.
TODAY's TECHNICAL LEVELS:
Breakout BUY level: 1.3741.
Strong Resistance: 1.3732.
Original Resistance: 1.3719.
Inner Sell Area: 1.3706.
Target Inner Area: 1.3673.
Inner Buy Area: 1.3640.
Original Support: 1.3627.
Strong Support: 1.3614.
Breakout SELL level: 1.3605.
DESCRIPTION:
Today EUR/USD has support and resistance at 1.3627 and 1.3719. The rate is accompanied by strong support at 1.3614 and by 1.3732 as strong resistance. If EUR/USD breaks out and closes below 1.3605 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above 1.3741 level, then it will denote high bullish strength. Alternatively, for advance traders, you can trade in a way to open a BUY position at the level of 1.3640 and at 1.3706, a SELL position. In this case both targets should be located at the level of 1.3673.
