08.10.201308:22 Forex Analysis & Reviews: EUR/USD intraday technical levels for October 08, 2013

Revisione a lungo termine

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TODAY's TECHNICAL LEVELS:

Breakout BUY Level: 1.3646.

Strong Resistance: 1.3638.

Original Resistance: 1.3625.

Inner Sell Area: 1.3612.

Target Inner Area: 1.3500.

Inner Buy Area: 1.3548.

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 1.3625. The rate is accompanied by strong support at 1.3522 and by 1.3638 as strong resistance. If EUR/USD breaks out and closes below 1.3514 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above 1.3646 level, then it will denote high bullish strength. Alternatively, for advance traders, you can trade in a way to open a BUY position at the level of 1.3548 and at 1.3612, a SELL position. In this case both targets should be located at the level of 1.3500.

Best regards,

Arief Makmur

Official Analyst of InstaForex Group

InstaForex Group

http://instaforex.eu

Email : Arief.jakarta@indo.instaforex.com

blog.mt5.com/arief

http://www.mt5.com/forex_analysis_award/profile/index/arief

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