EUR/USD intraday technical levels for August 23, 2013
August 23, 2013 6:15 amVideo
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TODAY’s TECHNICAL LEVELS:
Breakout BUY Level: 1.3406.
Strong Resistance: 1.3398.
Original Resistance: 1.3385.
Inner Sell Area: 1.3372.
Target Inner Area: 1.3341.
Inner Buy Area: 1.3310.
Original Support: 1.3297.
Strong Support: 1.3284.
Breakout SELL Level: 1.3276.
DESCRIPTION:
Today, EUR/USD has support and resistance at 1.3297 and 1.3385. The rate is accompanied by strong support at 1.3284 and by 1.3398 as strong resistance. If EUR/USD breaks out and closes below the 1.3276 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above the 1.3406 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 1.3310 and at 1.3372, a SELL position. In this case both targets should be located at the level of 1.3341.
Best regards,
Arief Makmur
Official Analyst of InstaForex Group
InstaForex Group
http://instaforex.com
Email : [email protected]
Yahoo Messenger & Skype : Arief.ifx_jakarta
blog.mt5.com/arief
http://www.mt5.com/forex_analysis_award/profile/index/arief
Disclaimer:
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The material has been provided by InstaForex Company – www.instaforex.com
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