FX.co ★ EUR/USD Intraday Technical Levels for October 01, 2012

Today's Technical Levels:

Breakout BUY Level: 1.2869.

Strong Resistance: 1.2862.

Original Resistance: 1.2850.

Inner Sell Area: 1.2837.

Target Inner Area: 1.2806.

Inner Buy Area: 1.2776.

Original Support: 1.2764.

Strong Support: 1.2851.

Breakout SELL Level: 1.2744.

Description:

Today EUR/USD has support and resistance at 1.2764 and 1.2850 and is accompanied by strong support at 1.2851 and by 1.2862 as strong resistance.

If EUR/USD breaks out and closes below 1.2744 level today, then this will indicate a considerable bearish strength, while if EUR/USD manages to break out and close above 1.2869 level, then this will denote a high bullish strength. Alternatively, for advance traders, you can trade in a way to open a BUY position at the level of 1.2776- and at 1.2837– a SELL position. In this case both targets should be located at the level of 1.2806.

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