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Thursday, October 13, 2011

EUR/USD Intraday Technical Level For October 13rd / 2011


Technical analysis

Arief Makmur




TODAY  TECHNICAL  LEVEL :

Breakout BUY Level : 1.3845.
Strong Resistance : 1.3837.
Original Resistance : 1.3824.
Inner Sell Area : 1.3811.
Target Inner Area : 1.3778.
Inner Buy Area : 1.3745.
Original Support : 1.3732.
Strong Support : 1.3718.
Breakout SELL Level : 1.3711.

DESCRIPTION :

Today EUR/USD has the support and resistance at 1.3732 and 1.3824 is accompanied by a strong support at 1.3718 and 1.3837 for they strong resistance; If today EUR/USD can breakout and close below the 1.3711 level then this indicates considerable Bearish  strength, while if the EUR/USD today can breakout and close above the 1.3845 level then this indicates Bullish considerable strength . Alternatively you can trade in a way to open BUY position at the level of 1.3745 and 1.3811 for SELL position in which case both targets are at the 1.3778 level.
  http://instaforex.com/forex_analysis/41337/?x=OUE
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