07.09.201111:14 Forex Analysis & Reviews: EUR/USD Intraday Technical Level For September 7th / 2011

Long-term review

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TODAY TECHNICAL LEVEL :

Breakout BUY Level : 1.4076.

Strong Resistance : 1.4067.

Original Resistance : 1.4054.

Inner Sell Area : 1.4041.

Target Inner Area : 1.4007.

Inner Buy Area : 1.3973.

Original Support : 1.3960.

Strong Support : 1.3946.

Breakout SELL Level : 1.3938.

DESCRIPTION :

Today EUR / USD has the support and resistance at 1.3960 and 1.4054 is accompanied by a strong support at 1.3946 and 1.4067 strong resistance; If today'EUR / USD can breakout and close below the 1.3938 level then this indicates considerable Bearish strength, while if the EUR / USD today can break out and close above the 1.4076 level then this indicates considerable Bullish strength. Alternatively you can trade in a way to open BUY position at the level of 1.3973 and 1.4041 SELL position in which case both targets are at the 1.4007 level.

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