FX.co ★ EUR/USD Intraday Technical Levels for October 03, 2012

TODAY's TECHNICAL LEVEL:

Breakout BUY Level: 1.2973.

Strong Resistance: 1.2965.

Original Resistance: 1.2953.

Inner Sell Area: 1.2940.

Target Inner Area: 1.2910.

Inner Buy Area: 1.2879.

Original Support: 1.2867.

Strong Support: 1.2854.

Breakout SELL Level: 1.2846.

DESCRIPTION:

Today EUR/USD has support and resistance at 1.2867 and 1.2953 is accompanied by strong support at 1.2854 and by strong resistance at 1.2965.
If EUR/USD breaks out and closes below 1.2846 level today, it will indicate considerable bearish strength, while if EUR/USD manages to break out and close above 1.2973 level it will denote high bullish strength. Alternatively, for advance traders, you can trade in a way to open a BUY position at the level of 1.2879 and SELL position at the level of 1.2940. In this case, both targets should be located at the level of 1.2910.

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