EUR/USD intraday technical levels for November 8, 2013
November 8, 2013 6:15 am
Today we predict the EUR/USD price action to move in a small range after the London Market opens, and to be it normal again after the US-Non Farm Payrolls and the US-Unemployment Rate data release. Please remember to close any open positions or tight your stop loss during one hour before both news and you can start open positions again one hour after both that news release, because the price action will be normal again one hour later the data released.
TODAY’s TECHNICAL LEVELS:
Breakout BUY level: 1.3475.
Strong Resistance:1.3467.
Original Resistance: 1.3454.
Inner Sell Area: 1.3441.
Target Inner Area: 1.3409.
Inner Buy Area: 1.3377.
Original Support: 1.3364.
Strong Support: 1.3351.
Breakout SELL level: 1.3343.
DESCRIPTION:
Today EUR/USD has support and resistance at 1.3364 and 1.3454. The rate is accompanied by strong support at 1.3351 and by 1.3467 as strong resistance.
If EUR/USD breaks out and closes below 1.3343 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above 1.3475 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 1.3377 and at 1.3441, a SELL position. In this case both targets should be located at the level of 1.3409.
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
Today we predict the EUR/USD price action to move in a small range after the London Market opens, and to be it normal again after the US-Non Farm Payrolls and the US-Unemployment Rate data release. Please remember to close any open positions or tight your stop loss during one hour before both news and you can start open positions again one hour after both that news release, because the price action will be normal again one hour later the data released.
TODAY’s TECHNICAL LEVELS:
Breakout BUY level: 1.3475.
Strong Resistance:1.3467.
Original Resistance: 1.3454.
Inner Sell Area: 1.3441.
Target Inner Area: 1.3409.
Inner Buy Area: 1.3377.
Original Support: 1.3364.
Strong Support: 1.3351.
Breakout SELL level: 1.3343.
DESCRIPTION:
Today EUR/USD has support and resistance at 1.3364 and 1.3454. The rate is accompanied by strong support at 1.3351 and by 1.3467 as strong resistance.
If EUR/USD breaks out and closes below 1.3343 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above 1.3475 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 1.3377 and at 1.3441, a SELL position. In this case both targets should be located at the level of 1.3409.
Best regards,
Arief Makmur
Official Analyst of InstaForex Group
InstaForex Group
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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