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11.10.2012 10:17 AM
EUR/USD Intraday Technical Levels for October 11, 2012

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TODAY's  TECHNICAL  LEVELS:

Breakout BUY Level: 1.2921.

Strong Resistance: 1.2914.

Original Resistance: 1.2902.

Inner Sell Area: 1.2889.

Target Inner Area: 1.2859.

Inner Buy Area: 1.2828.

Original Support: 1.2816.

Strong Support: 1.2804.

Breakout SELL Level: 1.2796.

 

DESCRIPTION:

 

Today EUR/USD has support and resistance at 1.2816 and 1.2902 and is accompanied by strong support at 1.2804 and by 1.2914 as strong resistance.
If EUR/USD breaks out and closes below a 1.2796 level today, then this will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and close above a 1.2921 level, then this will denote high bullish strength. Alternatively, for advance traders, you can trade in a way to open a BUY position at the level of 1.2828 and at 1.2889 a SELL position, in this case both targets should be located at the level of 1.2859.

 

 

 

Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
http://www.ifxwork.com
Email : Arief.jakarta@indo.instaforex.com

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