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Thursday, October 6, 2011

EUR/USD Intraday Technical Level For October 6th / 2011


Technical analysis

Arief Makmur





TODAY  TECHNICAL  LEVEL :

Breakout BUY Level : 1.3407.
Strong Resistance : 1.3399.
Original Resistance : 1.3387.
Inner Sell Area : 1.3374.
Target Inner Area : 1.3343.
Inner Buy Area : 1.3311.
Original Support : 1.3299.
Strong Support : 1.3286.
Breakout SELL Level : 1.3278.

DESCRIPTION :

Today EUR/USD has the support and resistance at 1.3299 and 1.3387 is accompanied by a strong support at 1.3286 and 1.3399 for the strong resistance; If today EUR/USD can break out and close below the 1.3278 level then this indicates considerable Bearish strength, while if the EUR/USD today can breakout and close above the 1.3407 level then this indicates considerable Bullish strength. Alternatively you can trade in a way to open BUY position at the level of 1.3311 and 1.3374 for SELL position in which case both targets are at the 1.3343 level.
http://instaforex.com/forex_analysis/40677/?x=OUE

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