FX.co ★ EUR/USD Intraday Technical Level For October 25th / 2011

TODAY TECHNICAL LEVEL :

Breakout BUY Level : 1.3987.

Strong Resistance : 1.3979.

Original Resistance : 1.3966.

Inner Sell Area : 1.3953.

Target Inner Area : 1.3920.

Inner Buy Area : 1.3887.

Original Support : 1.3874.

Strong Support : 1.3861.

Breakout SELL Level : 1.3852

DESCRIPTION :

Today EUR/USD has the support and resistance at 1.3874 and 1.3966 is accompanied by a strong support at 1.3861 and 1.3979 for the strong resistance; If today EUR/USD can breakout and close below the 1.3852 level then this indicates Bearish considerable strength, while if the EUR/USD today can breakout and close above the 1.3987 level then this indicates considerable strength Bullish. Alternatively you can trade in a way to open BUY position at the level of 1.3887 and 1.3953 for SELL position in which both the target at the 1.3920 level.