EUR/USD intraday technical levels for October 11, 2013
October 11, 2013 6:15 am
TODAY’s TECHNICAL LEVELS:
Breakout BUY level: 1.3592.
Strong Resistance: 1.3584.
Original Resistance: 1.3571.
Inner Sell Area: 1.3558.
Target Inner Area: 1.3526.
Inner Buy Area: 1.3494.
Original Support: 1.3481.
Strong Support: 1.3468.
Breakout SELL level: 1.3460.
DESCRIPTION:
Today EUR/USD has support and resistance at 1.3481 and 1.3571. The rate is accompanied by strong support at 1.3468 and by 1.3584 as strong resistance.
If EUR/USD breaks out and closes below the 1.3460 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above the 1.3592 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 1.3494 and at 1.3558, a SELL position. In this case both targets should be located at the level of 1.3526.
The material has been provided by InstaForex Company – www.instaforex.com
TODAY’s TECHNICAL LEVELS:
Breakout BUY level: 1.3592.
Strong Resistance: 1.3584.
Original Resistance: 1.3571.
Inner Sell Area: 1.3558.
Target Inner Area: 1.3526.
Inner Buy Area: 1.3494.
Original Support: 1.3481.
Strong Support: 1.3468.
Breakout SELL level: 1.3460.
DESCRIPTION:
Today EUR/USD has support and resistance at 1.3481 and 1.3571. The rate is accompanied by strong support at 1.3468 and by 1.3584 as strong resistance.
If EUR/USD breaks out and closes below the 1.3460 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above the 1.3592 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 1.3494 and at 1.3558, a SELL position. In this case both targets should be located at the level of 1.3526.
The material has been provided by InstaForex Company – www.instaforex.com
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