10.10.201109:02 Forex Analysis & Reviews: EUR/USD Intraday Technical Level For October 10th / 2011

Long-term review

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TODAY TECHNICAL LEVEL :

Breakout BUY Level : 1.3465.

Strong Resistance : 1.3457.

Original Resistance : 1.3444.

Inner Sell Area : 1.3431.

Target Inner Area : 1.3399.

Inner Buy Area : 1.3367.

Original Support : 1.3354.

Strong Support : 1.3340.

Breakout SELL Level : 1.3333.

DESCRIPTION :

Today EUR/USD has the support and resistance at 1.3354 and 1.3444 is accompanied by a strong support at 1.3340 and 1.3457 for the strong resistance; If today EUR/USD can break out and close below the 1.3333 level then this indicates considerable Bearish strength, while if the EUR/USD today can breakout and close above the 1.3465 level then this indicates considerable Bullish strength. Alternatively you can trade in a way to open BUY position at the level of 1.3367 and 1.3431 for SELL position in which case both targets at the 1.3399 level.

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