18.11.201308:58 Forex Analysis & Reviews: EUR/USD intraday technical levels for November 18, 2013

Long-term review

Tieto informácie poskytujeme retailovým a profesionálnym klientom ako súčasť marketingovej komunikácie. Neobsahujú investičné poradenstvo, investičné odporúčania, ponuku ani výzvu na vykonanie transakcie alebo použitie stratégie na finančných nástrojoch a ani by sa tak nemalo s nimi zaobchádzať. Minulá výkonnosť nie je zárukou ani predikciou budúceho výkonu. Spoločnosť Instant Trading EU Ltd. neručí a nepreberá žiadnu zodpovednosť za správnosť a úplnosť poskytovaných informácií ani za stratu, ktorá by vyplynula z akejkoľvek investície založenej na analýze, predpovedi alebo iných informáciách poskytnutých zamestnancom spoločnosti alebo iným spôsobom. Celé vylúčenie zodpovednosti nájdete tu.

Today some data is due to release in the eurozone. In particular, it is Current Account, Trade Balance, which are set to be announced a few hours after the London market open. Within the US session, the US - TIC Long-Term Purchases, the US - NAHB Housing Market Index are on tap. As today's news is not giving any significant impact on the EUR/USD pair, probably the price action will be moderate.

TODAY's TECHNICAL LEVELS:

Breakout BUY level: 1.3546.

Strong Resistance:1.3538.

Original Resistance: 1.3525.

Inner Sell Area: 1.3512.

Target Inner Area: 1.3480.

Inner Buy Area: 1.3448.

Original Support: 1.3435.

Strong Support: 1.3422.

Breakout SELL level: 1.3414.

DESCRIPTION:

Today EUR/USD has support and resistance at 1.3435 and 1.3525. The rate is accompanied by strong support at 1.3422 and by 1.3538 as strong resistance.

If EUR/USD breaks out and closes below 1.3414 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above 1.3546 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 1.3448 and at 1.3512, a SELL position. In this case both targets should be located at the level of 1.3480.

Best regards,

Arief Makmur

Official Analyst of InstaForex Group

InstaForex Group

http://instaforex.eu

blog.mt5.com/arief

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

Disclaimer:

Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.