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16.10.2012 10:16 AM
EUR/USD Intraday Technical Levels for October 16, 2012

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TODAY's TECHNICAL LEVELS:

Breakout BUY Level: 1.3028.

Strong Resistance: 1.3021.

Original Resistance: 1.3009.

Inner Sell Area: 1.2997.

Target Inner Area: 1.2966.

Inner Buy Area: 1.2935.

Original Support: 1.2923.

Strong Support: 1.2910.

Breakout SELL Level: 1.2903.
 

 

Today EUR/USD has support and resistance at 1.2923 and 1.3009 and is accompanied by strong support at 1.2910 and by 1.3021 as strong resistance.
If EUR/USD breaks out and closes below 1.2903 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and close above 1.3028 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 1.2935 and at 1.2997 a SELL position. In this case both targets should be located at the level of 1.2966.

 

 

 

Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
http://instaforex.com
E-mail : [email protected]

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Arief Makmur
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