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FX.co ★ EUR/USD Intraday Technical Level For August 11st / 2011

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Forex Analysis:::2011-08-11T06:33:54

EUR/USD Intraday Technical Level For August 11st / 2011

EUR/USD Intraday Technical Level For August 11st / 2011

TODAY TECHNICAL LEVEL :

Breakout BUY Level : 1.4204.

Strong Resistance : 1.4196.

Original Resistance : 1.4183.

Inner Sell Area : 1.4169.

Target Inner Area : 1.4136.

Inner Buy Area : 1.4102.

Original Support : 1.4089.

Strong Support : 1.4075.

Breakout SELL Level : 1.4067.

SHORT DESCRIPTION :

Today the EUR/USD is to find Support and Resistance between 1.4089 and 1.4183 and it has a strong Support at 1.4075 and a strong Resistance at 1.4196; if today the EUR/USD can breakout and closes below 1.4067, it will be a sign for Short trading for today; on the other hand, if the pair can break out and close above 1.4204, it will be the sign for LONG trading for today. Another option for the advanced trader can be trading between the Inner Buy Level at the 1.4102 for LONG trading and the Inner Sell Level at the 1.4169 for the SHORT trading, and all of them with the target at the 1.4136 level.

Analyst InstaForex
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