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22.04.201309:14 Forex Analysis & Reviews: EUR/USD intraday technical levels for April 22, 2013

Long-term review

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TODAY's TECHNICAL LEVEL :

Breakout BUY Level: 1.3121.

Strong Resistance: 1.3113.

Original Resistance: 1.3100.

Inner Sell Area: 1.3087.

Target Inner Area: 1.3056.

Inner Buy Area: 1.3025.

Original Support: 1.3012.

Strong Support: 1.2999.

Breakout SELL Level: 1.2991.

DESCRIPTION :

Today the EUR/USD has support and resistance at 1.3012 and 1.3100. The rate is accompanied by strong support at 1.2999 and by 1.3113 as strong resistance. If the EUR/USD breaks out and closes below 1.2991 level today, then it will indicate considerable bearish strength. Meanwhile, if the EUR/USD manages to break out and closes above 1.3121 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 1.3025 and at 1.3087, a SELL position. In this case both targets should be located at the level of 1.3056.

Best regards,

Arief Makmur

Official Analyst of InstaForex Companies Group

InstaForex Companies 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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