EURUSD Today's Levels to Watch

[topchess]

Hello,

Choppy trading and rangebound ahead of holidays season. I do not expect a daramatic move in either side today, but following the news we might have a brief volatility. Play breakouts carefully.

Long term view: Bullish
Intraday: mixed, slightly bullish

Resistance for EURUSD 1.3212 (today's high 1.3211 a pip shy) next important resistance 1.3244, and 1.3252 is pivotal more important resistance.

Support comes at yesterday low of 1.3140.

We will try to trade a breakout of either side today.

Long above 1.3252, target 1.3290

Short below 1.3140, target 1.3082, and 1.3052

A breach of 1.3252 will confirm 1.3052 a bottom, and favours a move back to 1,33 higher half. so you can hold on it.

Good luck..

[nancypants]

looks like your short entry level was breached. do you think it will still go to 1.3082? It looks like it's finding resistance in this area (1.3120)

[topchess]

The short was triggered and made a low of 1.3108 before rebounding to 1.3140 and close at 1.3120.

I think plenty of bids coming from 1.3100 figure, book profit @ 1.3120 and setup stops:

Short below 1.3050, tp 1.3000, tp2 1.2980

If recent recovery continues, long above today high, setup as following

Long above 1.3212, tp 1.3244, tp2 1.3252