FX.co ★ EUR/USD Intraday Technical Levels for September 6, 2012

Today's Technical Level:

Breakout BUY Level: 1.2659.

Strong Resistance: 1.2653.

Original Resistance: 1.2642.

Inner Sell Area: 1.2630.

Target Inner Area: 1.2600.

Inner Buy Area: 1.2570.

Original Support: 1.2558.

Strong Support: 1.2546.

Breakout SELL Level: 1.2538.

Description:

Today EUR/USD has support and resistance at 1.2558 and 1.2642 and is accompanied by strong support at 1.2546 and by 1.2653 as strong resistance.

If EUR/USD breaks out and closes below 1.2538 level today, this will indicate a considerable bearish strength, while if EUR/USD manages to break out and close above 1.2659 level, this will denote a high bullish strength. Alternatively for advance traders, you can trade in a way to open BUY position at the level of 1.2570 and SELL position at 1.2630. In this case both targets should be located at the level of 1.2600.

Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
https://instaforex.com
Email : Arief.ifx.jakarta@gmail.com