12.09.201111:17 Forex Analysis & Reviews: EUR/USD Intraday Technical Level For September 12nd / 2011

Long-term review

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TODAY TECHNICAL LEVEL :

Breakout BUY Level : 1.3648.

Strong Resistance : 1.3640.

Original Resistance : 1.3627.

Inner Sell Area : 1.3614.

Target Inner Area : 1.3581.

Inner Buy Area : 1.3973.

Original Support : 1.3535.

Strong Support : 1.3522.

Breakout SELL Level : 1.3514.

DESCRIPTION :

Today EUR/USD has support and resistance at 1.3535, and 1.3627 is accompanied by a strong support at 1.3522 and 1.3640 strong resistance; If today the EUR/USD can break out and close below the 1.3514 level then this indicates considerable Bearish strength, while if the EUR/USD today can break out and close above the 1.3648 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 1.3614 SELL position in which case both targets are at the 1.3581 level.

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