FX.co ★ EUR/USD Intraday Technical Level For November 3rd / 2011

TODAY TECHNICAL LEVEL :

Breakout BUY Level : 1.3754.

Strong Resistance : 1.3746.

Original Resistance : 1.3734.

Inner Sell Area : 1.3721.

Target Inner Area : 1.3688.

Inner Buy Area : 1.3654.

Original Support : 1.3642.

Strong Support : 1.3628.

Breakout SELL Level : 1.3620.

DESCRIPTION :

Today EUR/USD has support and resistance at 1.3642 and 1.3734 is accompanied by a strong support at 1.3628 and 1.3746 for the strong resistance; If today the EUR/USD can break out and close below the 1.3620 level then this indicates considerable Bearish strength, while if the EUR/USD today can break out and close above the 1.3754 level then this indicates considerable Bullish strength. Alternatively you can trade in a way to open BUY position at the level of 1.3654 and 1.3721 for SELL position in which case both targets are located at the 1.3688 level.