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Thursday, August 4, 2011

EUR/USD Intraday Important Level For August 4th / 2011

TODAY  TECHNICAL  LEVEL :

Breakout BUY Level : 1.4418.
Strong Resistance : 1.4409.
Original Resistance : 1.4396.
Inner Sell Area : 1.4382.
Target Inner Area : 1.4348.
Inner Buy Area : 1.4313.
Original Support : 1.4300.
Strong Support : 1.4286.
Breakout SELL Level : 1.4277.

SHORT  DESCRIPTION :


Today the EUR/USD is to find Support and Resistance between 1.4300 and 1.4396 and it has a strong Support at 1.4286 and a strong Resistance at 1.4409; if today the EUR/USD breaks out and closes below 1.4277, it will be a sign for Short trading for today; on the other hand, if the pair can break out and close above 1.4418, it will be the sign for LONG trading for today. Another option for the advanced trader can be trading between the Inner Buy Level at the 1.4313 for LONG trading and the Inner Sell Level at the 1.4382 for the SHORT trading, and all of them with the target at the 1.4348 level.
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