FX.co ★ EUR/USD Intraday Technical Levels for October 15, 2012

TODAY's TECHNICAL LEVELS:

Breakout BUY Level: 1.2996.

Strong Resistance: 1.2988.

Original Resistance: 1.2976.

Inner Sell Area: 1.2964.

Target Inner Area: 1.2933.

Inner Buy Area: 1.2902.

Original Support: 1.2890.

Strong Support: 1.2878.

Breakout SELL Level: 1.2870.

DESCRIPTION:

Today EUR/USD has support and resistance at 1.2890 and 1.2976 and is accompanied by strong support at 1.2878 and by 1.2988 as strong resistance.
If EUR/USD breaks out and closes below 1.2870 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and close above 1.2996 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 1.2902 and at 1.2964 a SELL position, in this case both targets should be located at the level of 1.2933.

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