FX.co ★ EUR/USD Intraday Technical Levels for April 09, 2012

TODAY's TECHNICAL LEVEL :

Breakout BUY Level : 1.3148.

Strong Resistance : 1.3140.

Original Resistance : 1.3128.

Inner Sell Area : 1.3115.

Target Inner Area : 1.3084.

Inner Buy Area : 1.3052.

Original Support : 1.3040.

Strong Support : 1.3027.

Breakout SELL Level : 1.3019.

DESCRIPTION :

Today the EUR/USD pair has support and resistance at 1.3040 and 1.3128 and is accompanied by strong support 1.3027 and resistance 1.3140.

If the EUR/USD pair breaks out and closes below a 1.3019 level today, then this will indicate considerable bearish strength. In case the EUR/USD pair manages to break out and close above 1.3148 level, then this will denote high bullish strength. It is possible to trade otherwise by opening BUY position at level 1.3052 and SELL position at 1.3115, provided that both targets are located at level 1.3084.

Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group