FX.co ★ EUR/USD Intraday Technical Level For November 1st / 2011

TODAY TECHNICAL LEVEL :

Breakout BUY Level : 1.3925.

Strong Resistance : 1.3918.

Original Resistance : 1.3905.

Inner Sell Area : 1.3891.

Target Inner Area : 1.3858.

Inner Buy Area : 1.3825.

Original Support : 1.3813.

Strong Support : 1.3799.

Breakout SELL Level : 1.3791.

DESCRIPTION :

Today EUR/USD has support and resistance at 1.3813, and 1.3905 is accompanied by a strong support at 1.3799 and 1.3918 for the strong resistance; If today the EUR/USD can break out and close below the 1.3791 level then this indicates considerable Bearish strength, while if the EUR/USD today can break out and close above the 1.3925 level then this indicates considerable Bullish strength. Alternatively you can trade in a way to open BUY position at the level of 1.3825 and 1.3891 for SELL position in which case both targets are located at the 1.3858 level.