06.04.201210:14 Forex Analysis & Reviews: EUR/USD Intraday Technical Levels for April 06, 2012

Long-term review

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TODAY's TECHNICAL LEVEL :

Breakout BUY Level : 1.3125.

Strong Resistance : 1.3117.

Original Resistance : 1.3105.

Inner Sell Area : 1.3092.

Target Inner Area : 1.3061.

Inner Buy Area : 1.3029.

Original Support : 1.3017.

Strong Support : 1.3004.

Breakout SELL Level : 1.2996.

DESCRIPTION :

Today the EUR/USD pair has support and resistance levels at 1.3017 and 1.3105 and is accompanied by strong support 1.3004 and 1.3117 resistance.

If the EUR/USD pair breaks through and closes below a 1.2996 level today, then this will indicate considerable bearish strength, while if the EUR/USD pair manages to break through and close above a 1.3125 level, then this will denote high bullish strength. It is possile to trade otherwise by opening a BUY position at level 1.3029 and a SELL position at level 1.3092, provided that both targets are located at level 1.3061.

Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group

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