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Wednesday, October 12, 2011

EUR/USD Intraday Technical Level For October 12nd / 2011


Technical analysis

Arief Makmur




TODAY  TECHNICAL  LEVEL :

Breakout BUY Level : 1.3698.
Strong Resistance : 1.3691.
Original Resistance : 1.3678.
Inner Sell Area : 1.3664.
Target Inner Area : 1.3632.
Inner Buy Area : 1.3601.
Original Support : 1.3588.
Strong Support : 1.3574.
Breakout SELL Level : 1.3567.

DESCRIPTION :

Today EUR/USD has the support and resistance at 1.3588 and 1.3678 is accompanied by a strong support at 1.3574 and 1.3691 for the strong resistance; If today the EUR/USD can breakout and close below the 1.3567 level then this indicates considerable Bearish strength, while if the EUR/USD today can breakout and close above the 1.3698 level then this indicates considerable Bullish strength . Alternatively you can trade in a way to open BUY position at the level of 1.3601 and 1.3664 for SELL position in which case both targets are at the 1.3632 level.
http://instaforex.com/forex_analysis/41207/?x=OUE
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