EUR/USD Intraday Technical Levels for April 13, 2012

TODAY's TECHNICAL LEVEL :

Breakout BUY Level : 1.3253.

Strong Resistance : 1.3245.

Original Resistance : 1.3233.

Inner Sell Area : 1.3220.

Target Inner Area : 1.3189.

Inner Buy Area : 1.3157.

Original Support : 1.3145.

Strong Support : 1.3132.

Breakout SELL Level : 1.3124.

DESCRIPTION :

Today the EUR/USD pair has support and resistance levels at 1.3145 and 1.3233 respectively and is accompanied by strong support 1.3132 and 1.3245 strong resistance levels.

If the EUR/USD pair breaks through and closes below a 1.3124 level today, then this will indicate considerable bearish strength, while if the EUR/USD pair manages to break through and close above a 1.3253 level, then this will denote high bullish strength. Alternatively, you can trade in a way to open a BUY position at level 1.3157 and SELL position at 1.3220 level, provided that both targets are located at level 1.3189.

Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group