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13.10.2011 01:16 PM
EUR/USD Intraday Technical Level For October 13rd / 2011

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TODAY  TECHNICAL  LEVEL :

Breakout BUY Level : 1.3845.

Strong Resistance : 1.3837.

Original Resistance : 1.3824.

Inner Sell Area : 1.3811.

Target Inner Area : 1.3778.

Inner Buy Area : 1.3745.

Original Support : 1.3732.

Strong Support : 1.3718.

Breakout SELL Level : 1.3711.

 

DESCRIPTION :

Today EUR/USD has the support and resistance at 1.3732 and 1.3824 is accompanied by a strong support at 1.3718 and 1.3837 for they strong resistance; If today EUR/USD can breakout and close below the 1.3711 level then this indicates considerable Bearish  strength, while if the EUR/USD today can breakout and close above the 1.3845 level then this indicates Bullish considerable strength . Alternatively you can trade in a way to open BUY position at the level of 1.3745 and 1.3811 for SELL position in which case both targets are at the 1.3778 level.
 

 

Arief Makmur,
Analytical expert of InstaForex
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