FX.co ★ EUR/USD Intraday Technical Level For October 28th / 2011

TODAY TECHNICAL LEVEL :

Breakout BUY Level : 1.4265.

Strong Resistance : 1.4257.

Original Resistance : 1.4244.

Inner Sell Area : 1.4230.

Target Inner Area : 1.4196.

Inner Buy Area : 1.4163.

Original Support : 1.4150.

Strong Support : 1.4136.

Breakout SELL Level : 1.4128.

DESCRIPTION :

Today EUR/USD has support and resistance at 1.4150, and 1.4244 is accompanied by a strong support at 1.4136 and 1.4257 for the strong resistance; If today the EUR/USD can break out and close below the 1.4128 level then this indicates considerable Bearish strength, while if the EUR/USD today can break out and close above the 1.4265 level then this indicates considerable Bullish strength. Alternatively you can trade in a way to open BUY position at the level of 1.4163, and 1.4230 for SELL position in which case both targets are located at the 1.4196 level.