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Friday, November 11, 2011

EUR/USD Intraday Technical Level For November 11st / 2011


Technical analysis

Arief Makmur




TODAY  TECHNICAL  LEVEL :

Breakout BUY Level : 1.3676.
Strong Resistance : 1.3667.
Original Resistance : 1.3655.
Inner Sell Area : 1.3642.
Target Inner Area : 1.3609.
Inner Buy Area : 1.3576.
Original Support : 1.3564.
Strong Support : 1.3551.
Breakout SELL Level : 1.3542.

DESCRIPTION :

Today EUR/USD has support and resistance at 1.3564 and 1.3655 is accompanied by a strong support at 1.3551 and 1.3667 for the strong resistance; If today the EUR/USD can break out and close below the 1.3542 level then this indicates considerable Bearish strength, while if the EUR/USD today can break out and close above the 1.3676 level then this indicates considerable Bullish strength. Alternatively you can trade in a way to open BUY position at the level of 1.3576 and 1.3642 for SELL position in which case both targets are located at the 1.3609 level.
http://instaforex.com/forex_analysis/43578/?x=OUE 
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