FX.co ★ EUR/USD Intraday Technical Levels for November 28, 2012

TODAY's TECHNICAL LEVELS :

Breakout BUY Level: 1.3003.

Strong Resistance: 1.2995.

Original Resistance: 1.2983.

Inner Sell Area: 1.2970.

Target Inner Area: 1.2939.

Inner Buy Area: 1.2908.

Original Support: 1.2895.

Strong Support: 1.2882.

Breakout SELL Level: 1.2875.

DESCRIPTION :

Today EUR/USD has support and resistance at 1.2895 and 1.2983 and is accompanied by strong support at 1.2882 and by 1.2995 as strong resistance.

If EUR/USD breaks out and closes below a 1.2875-level today, then this will indicate considerable bearish strength, while if EUR/USD manages to break out and close above the 1.3003 level, then this will denote high bullish strength. Alternatively for advance traders, you can trade in a way to open a BUY position at the level of 1.2908 and at 1.2970 a SELL position, in this case both targets should be located at the level of 1.2939.

Best regards,

Arief Makmur

Official Analyst of InstaForex Companies Group

InstaForex Companies Group

https://instaforex.com

Email : Arief.jakarta@indo.instaforex.com