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Tuesday, October 4, 2011

EUR/USD Intraday Technical Level For October 4th / 2011


Technical analysis

Arief Makmur





TODAY  TECHNICAL  LEVEL :

Breakout BUY Level : 1.3253.
Strong Resistance : 1.3245.
Original Resistance : 1.3233.
Inner Sell Area : 1.3220.
Target Inner Area : 1.3189.
Inner Buy Area : 1.3158.
Original Support : 1.3145.
Strong Support : 1.3133.
Breakout SELL Level : 1.3124.

DESCRIPTION :

Today EUR/USD has the support and resistance at 1.3145 and 1.3233 is accompanied by a strong support at 1.3133 and 1.3245 for they strong resistance; If today the EUR/USD can breakout and close below the 1.3124 level then this indicates considerable Bearish strength, while if the EUR/USD today can breakout and close above the 1.3253 level then this indicates considerable Bullish strength . Alternatively you can trade in a way to open BUY position at the level of 1.3158 and 1.3220 for SELL position in which  case both targets are at the 1.3189 level.
http://instaforex.com/forex_analysis/40432/?x=OUE

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