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Tuesday, October 11, 2011

EUR/USD Intraday Technical Level For October 11st / 2011


Technical analysis

Arief Makmur





TODAY  TECHNICAL  LEVEL :

Breakout BUY Level : 1.3690.
Strong Resistance : 1.3682.
Original Resistance : 1.3670.
Inner Sell Area : 1.3657.
Target Inner Area : 1.3625.
Inner Buy Area : 1.3592.
Original Support : 1.3580.
Strong Support : 1.3568.
Breakout SELL Level : 1.3559.

DESCRIPTION :

Today EUR/USD has the support and resistance at 1.3580 and 1.3670 is accompanied by a strong support at 1.3568 and 1.3682 for they strong resistance; If today EUR/USD can break out and close below the 1.3559 level then this indicates considerable Bearish strength, while if the EUR/USD today can breakout and close above the 1.3690 level then this indicates considerable Bullish strength. Alternatively you can trade in a way to open BUY position at the level of 1.3592 and 1.3657 for SELL position in which case both targets at the 1.3625 level.
  http://instaforex.com/forex_analysis/41085/?x=OUE

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