18.08.201112:47 Forex Analysis & Reviews: EUR/USD Intraday Technical Level For August 18th / 2011

Long-term review

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TODAY TECHNICAL LEVEL :

Breakout BUY Level : 1.4501.

Strong Resistance : 1.4493.

Original Resistance : 1.4479.

Inner Sell Area : 1.4465.

Target Inner Area : 1.4431.

Inner Buy Area : 1.4397.

Original Support : 1.4383.

Strong Support : 1.4369.

Breakout SELL Level : 1.4360.

SHORT DESCRIPTION :

Today the EUR/USD is to find Support and Resistance between 1.4383 and 1.4479 and it has a strong Support at 1.4369 and a strong Resistance at 1.4493; if today the EUR/USD can breakout and closes below 1.4360, it will be a sign for Short trading for today; on the other hand, if the pair can break out and close above 1.4501, it will be the sign for LONG trading for today. Another option for the advanced trader can be trading between the Inner Buy Level at the 1.4397 for LONG trading and the Inner Sell Level at the 1.4465 for the SHORT trading, and all of them with the target at the 1.4431 level.

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