EUR/USD Intraday Technical Level For November 2nd / 2011

TODAY TECHNICAL LEVEL :

Breakout BUY Level : 1.3720.

Strong Resistance : 1.3711.

Original Resistance : 1.3699.

Inner Sell Area : 1.3686.

Target Inner Area : 1.3653.

Inner Buy Area : 1.3619.

Original Support : 1.3607.

Strong Support : 1.3793.

Breakout SELL Level : 1.3585.

DESCRIPTION :

Today EUR/USD has support and resistance at 1.3607 and 1.3699 is accompanied by a strong support at 1.3793 and 1.3711 for the strong resistance; If today the EUR/USD can break out and close below the 1.3585 level then this indicates considerable Bearish strength, while if the EUR/USD today can break out and close above the 1.3720 level then this indicates considerable Bullish strength. Alternatively you can trade in a way to open BUY position at the level of 1.3619 and 1.3686 for SELL position in which case both targets are located at the 1.3653 level.