EUR/USD intraday technical levels for October 28, 2013
October 28, 2013 6:30 amVideo
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TODAY’s TECHNICAL LEVELS:
Breakout BUY level: 1.3872.
Strong Resistance:1.3863.
Original Resistance: 1.3850.
Inner Sell Area: 1.3837.
Target Inner Area: 1.3804.
Inner Buy Area: 1.3771.
Original Support: 1.3758.
Strong Support: 1.3745.
Breakout SELL level: 1.3736.
DESCRIPTION:
Today, EUR/USD has support and resistance at 1.3758 and 1.3850. The rate is accompanied by strong support at 1.3745 and by 1.3863 as strong resistance.
If EUR/USD breaks out and closes below the 1.3736 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above the 1.3872 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 1.3771 and at 1.3837, a SELL position. In this case both targets should be located at the level of 1.3804.
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
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The material has been provided by InstaForex Company – www.instaforex.com
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