FX.co ★ EUR/USD Intraday Technical Levels for October 08, 2012

TODAY's TECHNICAL LEVELS:

Breakout BUY Level: 1.3077.

Strong Resistance: 1.3069.

Original Resistance: 1.3058.

Inner Sell Area: 1.3045.

Target Inner Area: 1.3015.

Inner Buy Area: 1.2984.

Original Support: 1.2972.

Strong Support: 1.2959.

Breakout SELL Level: 1.2952.

DESCRIPTION:

Today EUR/USD has support and resistance at 1.2972 and 1.3058 and is accompanied by strong support at 1.2959 and by 1.3069 as strong resistance.

If EUR/USD breaks out and closes below a 1.2952 level today, then this will indicate considerable bearish strength, while if EUR/USD manages to break out and close above a 1.3077 level, then this will denote high bullish strength. Alternatively, for advance traders, you can trade in a way to open a BUY position at the level of 1.2984 and at 1.3045 a SELL position, in this case both targets should be located at the level of 1.3015.

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