23.08.201308:20 Forex Analysis & Reviews: EUR/USD intraday technical levels for August 23, 2013

TODAY's  TECHNICAL  LEVELS:

Breakout BUY Level: 1.3406.

Strong Resistance: 1.3398.

Original Resistance: 1.3385.

Inner Sell Area: 1.3372.

Target Inner Area: 1.3341.

Inner Buy Area: 1.3310.

Original Support: 1.3297.

Strong Support: 1.3284.

Breakout SELL Level: 1.3276.

DESCRIPTION:

Today, EUR/USD has support and resistance at 1.3297 and 1.3385. The rate is accompanied by strong support at 1.3284 and by 1.3398 as strong resistance. If EUR/USD breaks out and closes below the 1.3276 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above the 1.3406 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 1.3310 and at 1.3372, a SELL position. In this case both targets should be located at the level of 1.3341.  

Best regards,

Arief Makmur

Official Analyst of InstaForex Group

InstaForex Group

http://instaforex.eu

Email : Arief.jakarta@indo.instaforex.com

Yahoo Messenger & Skype : Arief.ifx_jakarta

blog.mt5.com/arief

http://www.mt5.com/forex_analysis_award/profile/index/arief

Disclaimer:

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