EUR/USD intraday technical levels for November 19, 2013
November 19, 2013 6:45 amVideo
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During the European trading session, some news will be released. It is the German ZEW Economic Sentiment, and ZEW Economic Sentiment; and in the US market session there will be the US Employment Cost Index q/q released, which does not affect the market significantly.
TODAY’s TECHNICAL LEVELS:
Breakout BUY level: 1.3574.
Strong Resistance:1.3566.
Original Resistance: 1.3553.
Inner Sell Area: 1.3540.
Target Inner Area: 1.3508.
Inner Buy Area: 1.3476.
Original Support: 1.3463.
Strong Support: 1.3450.
Breakout SELL level: 1.3442.
DESCRIPTION:
Today EUR/USD has support and resistance at 1.3463 and 1.3553. The rate is accompanied by strong support at 1.3450 and by 1.3566 as strong resistance.
If EUR/USD breaks out and closes below 1.3442 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above 1.3574 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 1.3476 and at 1.3540, a SELL position. In this case both targets should be located at the level of 1.3508.
Best regards,
Arief Makmur
Official Analyst of InstaForex Group
InstaForex Group
http://instaforex.com
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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