FX.co ★ EUR/USD Intraday Technical Levels for October 10, 2012

TODAY's TECHNICAL LEVELS:

Breakout BUY Level: 1.2920.

Strong Resistance: 1.2912.

Original Resistance: 1.2900.

Inner Sell Area: 1.2888.

Target Inner Area: 1.2857.

Inner Buy Area: 1.2827.

Original Support: 1.2814.

Strong Support: 1.2802.

Breakout SELL Level: 1.2795.

DESCRIPTION:

Today EUR/USD has support and resistance at 1.2814 and 1.2900 and is accompanied by strong support at 1.2802 and by 1.2912 as strong resistance.
If EUR/USD breaks out and closes below a 1.2795 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and close above 1.2920 level, then 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 1.2827 and at 1.2888 a SELL position. In this case both targets should be located at the level of 1.2857.

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