EUR/USD Intraday Technical Level For October 26th / 2011

TODAY TECHNICAL LEVEL :

Breakout BUY Level : 1.3965.

Strong Resistance : 1.3957.

Original Resistance : 1.3944.

Inner Sell Area : 1.3931.

Target Inner Area : 1.3898.

Inner Buy Area : 1.3865.

Original Support : 1.3852.

Strong Support : 1.3839.

Breakout SELL Level : 1.3831.

DESCRIPTION :

Today EUR/USD has the support and resistance at 1.3852 and 1.3944 is accompanied by a strong support at 1.3839 and 1.3957 for the strong resistance; If today's EUR/USD can breakout and close below the 1.3831 level then this indicates considerable Bearish strength, while if the EUR/USD today can breakout and close above the 1.3965 level then this indicates considerable Bullish strength. Alternatively you can trade in a way to open BUY position at the level of 1.3865 and 1.3931 for SELL position in which both the target at the 1.3898 level.