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Wednesday, October 5, 2011

EUR/USD Intraday Technical Level For October 5, 2011


Technical analysis

Arief Makmur







TODAY's  TECHNICAL  LEVELS :

Breakout BUY Level : 1.3382.
Strong Resistance : 1.3374.
Original Resistance : 1.3361.
Inner Sell Area : 1.3348.
Target Inner Area : 1.3317.
Inner Buy Area : 1.3285.
Original Support : 1.3273.
Strong Support : 1.3260.
Breakout SELL Level : 1.3252.

DESCRIPTION :

Today EUR/USD has the support and resistance at 1.3273 and 1.3361, accompanied by a strong support at 1.3260 and 1.3374, for they are a strong resistance.
If today EUR/USD is able to breakout and close below the 1.3252 level, then this will indicate the bearish considerable strength, while if  EUR/USD today manages to breakout and close above the 1.3382 level ,then this  will mean considerable bullish strength. Alternatively, you can trade in a way to open BUY position at the level of 1.3285 and 1.3348 for SELL position, in which both are targeted at the 1.3317 level.
http://instaforex.com/forex_analysis/40538/?x=OUE



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