EUR/USD Intraday Technical Level For October 7th / 2011

Technical analysis

Arief Makmur

TODAY  TECHNICAL  LEVEL :

Breakout BUY Level : 1.3491.
Strong Resistance : 1.3483.
Original Resistance : 1.3470.
Inner Sell Area : 1.3457.
Target Inner Area : 1.3425.
Inner Buy Area : 1.3392.
Original Support : 1.3380.
Strong Support : 1.3366.
Breakout SELL Level : 1.3358.

DESCRIPTION :

Today EUR/USD has the support and resistance at 1.3380 and 1.3470 is accompanied by a strong support at 1.3366 and 1.3483 for the strong resistance; If today EUR/USD can break out and close below the 1.3358 level then this indicates considerable Bearish strength, while if the EUR/USD today can break out and close above the 1.3491 level then this indicates considerable Bullish strength. Alternatively you can trade in a way to open BUY position at the level of 1.3392 and 1.3457 for SELL position in which case both targets are located at the 1.3425 level.
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