EUR/USD intraday technical levels for November 11, 2013
November 11, 2013 8:45 am
Last Friday, the US released good Non-Farm Payroll and Unemployment rate data and the market participants look there is a significant recovery for the US Economic Markets and this means the Tapering policy soon will be cut by the US government. That is why last week the EUR/USD pair got slam down by USD. For today, there is no significant data to be watch, as there are holidays in France and the USA.
TODAY’s TECHNICAL LEVELS:
Breakout BUY Level: 1.3423.
Strong Resistance:1.3415.
Original Resistance: 1.3402.
Inner Sell Area: 1.3389.
Target Inner Area: 1.3358.
Inner Buy Area: 1.3327.
Original Support: 1.3314.
Strong Support: 1.3301.
Breakout SELL Level: 1.3293.
DESCRIPTION:
Today EUR/USD has support and resistance at 1.3314 and 1.3402. The rate is accompanied by strong support at 1.3301 and by 1.3415 as strong resistance. If EUR/USD breaks out and closes below 1.3293 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above 1.3423 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 1.3327 and at 1.3389, a SELL position. In this case both targets should be located at the level of 1.3358.
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.
The material has been provided by InstaForex Company – www.instaforex.com
Last Friday, the US released good Non-Farm Payroll and Unemployment rate data and the market participants look there is a significant recovery for the US Economic Markets and this means the Tapering policy soon will be cut by the US government. That is why last week the EUR/USD pair got slam down by USD. For today, there is no significant data to be watch, as there are holidays in France and the USA.
TODAY’s TECHNICAL LEVELS:
Breakout BUY Level: 1.3423.
Strong Resistance:1.3415.
Original Resistance: 1.3402.
Inner Sell Area: 1.3389.
Target Inner Area: 1.3358.
Inner Buy Area: 1.3327.
Original Support: 1.3314.
Strong Support: 1.3301.
Breakout SELL Level: 1.3293.
DESCRIPTION:
Today EUR/USD has support and resistance at 1.3314 and 1.3402. The rate is accompanied by strong support at 1.3301 and by 1.3415 as strong resistance. If EUR/USD breaks out and closes below 1.3293 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above 1.3423 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 1.3327 and at 1.3389, a SELL position. In this case both targets should be located at the level of 1.3358.
Best regards, Arief Makmur
Official Analyst of InstaForex
InstaForex
http://instaforex.com
Email: [email protected]
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.
The material has been provided by InstaForex Company – www.instaforex.com
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