13.10.201113:16 Forex Analysis & Reviews: EUR/USD Intraday Technical Level For October 13rd / 2011

Long-term review

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TODAY TECHNICAL LEVEL :

Breakout BUY Level : 1.3845.

Strong Resistance : 1.3837.

Original Resistance : 1.3824.

Inner Sell Area : 1.3811.

Target Inner Area : 1.3778.

Inner Buy Area : 1.3745.

Original Support : 1.3732.

Strong Support : 1.3718.

Breakout SELL Level : 1.3711.

DESCRIPTION :

Today EUR/USD has the support and resistance at 1.3732 and 1.3824 is accompanied by a strong support at 1.3718 and 1.3837 for they strong resistance; If today EUR/USD can breakout and close below the 1.3711 level then this indicates considerable Bearish strength, while if the EUR/USD today can breakout and close above the 1.3845 level then this indicates Bullish considerable strength . Alternatively you can trade in a way to open BUY position at the level of 1.3745 and 1.3811 for SELL position in which case both targets are at the 1.3778 level.

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