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Friday, October 14, 2011

EUR/USD Intraday Technical Level For October 14th / 2011


Technical analysis

Arief Makmur





TODAY  TECHNICAL  LEVEL :

Breakout BUY Level : 1.3819.
Strong Resistance : 1.3811.
Original Resistance : 1.3798.
Inner Sell Area : 1.3785.
Target Inner Area : 1.3752.
Inner Buy Area : 1.3719.
Original Support : 1.3706.
Strong Support : 1.3693.
Breakout SELL Level : 1.3684.

DESCRIPTION :

Today EUR/USD has the support and resistance at 1.3706 and 1.3798 is accompanied by a strong support at 1.3693 and 1.3811 for they strong resistance; If today the EUR/USD can break out and close below the 1.3684 level then this indicates considerable Bearish strength, while if the EUR/USD today can breakout and close above the 1.3819 level then this indicates Bullish considerable strength . Alternatively you can trade in a way to open BUY position at the level of 1.3719 and 1.3785 for SELL position in which case both targets are at the 1.3752 level.
http://instaforex.com/forex_analysis/41451/?x=OUE
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