FX.co ★ EUR/USD Intraday Technical Levels for October 23, 2012

TODAY's TECHNICAL LEVEL :

Breakout BUY Level: 1.3133.

Strong Resistance: 1.3126.

Original Resistance: 1.3113.

Inner Sell Area: 1.3100.

Target Inner Area: 1.3069.

Inner Buy Area: 1.3038.

Original Support: 1.3025.

Strong Support: 1.3012.

Breakout SELL Level: 1.3004.

DESCRIPTION :

Today EUR/USD has support and resistance at 1.3025 and 1.3113 and is accompanied by strong support at 1.3012 and by 1.3126 as strong resistance.

If EUR/USD breaks out and closes below a 1.3004-level today, then this will indicate considerable bearish strength, while if EUR/USD manages to break out and close above a 1.3133-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 1.3038- and at 1.3100– a SELL position, in this case both targets should be located at the level of 1.3069.

Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
https://instaforex.com
Email : [email protected]