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06.09.201112:12 Forex Analysis & Reviews: EUR/USD Intraday Technical Level For September 6th / 2011

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 06.09.2011 analysis

TODAY  TECHNICAL  LEVEL :

Breakout BUY Level : 1.4139.

Strong Resistance : 1.4131.

Original Resistance : 1.4119.

Inner Sell Area : 1.4106.

Target Inner Area : 1.4075.

Inner Buy Area : 1.4044.

Original Support : 1.4031.

Strong Support : 1.4018.

Breakout SELL Level : 1.4010.

 

SHORT   DESCRIPTION :

Today the EUR/USD will find its Support and Resistance between the 1.4031 and the 1.4119; and today this currency has a strong Support at the 1.4018 and a strong Resistance at the 1.4131; if today the EUR/USD can break out and close below 1.4010, it will be the sign for SHORT trading for today; on the other hand, if this currency can break out and close above the 1.4139, it will be the sign for a LONG trading for today. Another option for an advanced trader can be trading between the Inner Buy Level at the 1.4044 for the LONG trading and the Inner Sell Level at the 1.4106 for the SHORT trading, and two both of them (the Inner BUY & Inner SELL Level) with the target at the 1.4075 level.

 

Arief Makmur
Analytical expert of InstaForex
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