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EUR/USD Intraday Technical Levels for November 16, 2012

2012-11-16 11:12:26 (читать в оригинале)

TODAY's  TECHNICAL  LEVELS:

 

Breakout BUY Level: 1.2833.
Strong Resistance: 1.2826.
Original Resistance: 1.2814.
Inner Sell Area: 1.2802.
Target Inner Area: 1.2772.
Inner Buy Area: 1.2742.
Original Support: 1.2730.
Strong Support: 1.2718.
Breakout SELL Level: 1.2710.

 

DESCRIPTION:

 

Today EUR/USD has support and resistance at 1.2730 and 1.2814. The rate is accompanied by strong support at 1.2718 and by 1.2826 as strong resistance.
If EUR/USD breaks out and closes below 1.2710 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above 1.2833 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 1.2742 and at 1.2802, a SELL position. In this case both targets should be located at the level of 1.2772.

 

 

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

The material has been provided by Instaforex Company - instaforex.com