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07.10.2011 09:14 AM
EUR/USD Intraday Technical Level For October 7th / 2011

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TODAY  TECHNICAL  LEVEL :

Breakout BUY Level : 1.3491.

Strong Resistance : 1.3483.

Original Resistance : 1.3470.

Inner Sell Area : 1.3457.

Target Inner Area : 1.3425.

Inner Buy Area : 1.3392.

Original Support : 1.3380.

Strong Support : 1.3366.

Breakout SELL Level : 1.3358.

 

DESCRIPTION :

Today EUR/USD has the support and resistance at 1.3380 and 1.3470 is accompanied by a strong support at 1.3366 and 1.3483 for the strong resistance; If today EUR/USD can break out and close below the 1.3358 level then this indicates considerable Bearish strength, while if the EUR/USD today can break out and close above the 1.3491 level then this indicates considerable Bullish strength. Alternatively you can trade in a way to open BUY position at the level of 1.3392 and 1.3457 for SELL position in which case both targets are located at the 1.3425 level.

 

Arief Makmur,
Analytical expert of InstaForex
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