EUR/USD: technical analysis for October 3, 2013

Overview:

EUR/USD: According to the previous events, the price has still been trapped between 1.3520 and 1.3570. Selling zone is between 1.3570 (resistance 1) and 1.3620 (resistance 2). It is of the wisdom to swing trade at this area since sellers are asking for a High price in order to sell with a traget of 1.3625 to retest the weekly resistance 1 (it becomes support today) at the level of 1.3573 , then it will continue towards 1.3517. At the level of 1.3515, strong support for October 3, 2013 will be formed. As well as, it should be noted that this level is going to form a double bottom. Moreover, the range forecast of this week between 75 pips and 120 pips (daily).

Intraday technical levels:

Date & Time: 3/10/2013 11:37 

Pair: EUR/USD 

Projected High: 1.3753 

Breakout (Buy Stop): 1.3698 

Strong Resistance (Sell Limit): 1.3668

Current Pivot: 1.3601 

Strong Support (Buy Limit): 1.3533 

Breakout (Sell Stop): 1.3508 

Projected Low: 1.3458