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FX.co ★ EUR/USD Intraday Technical Level For November 4th / 2011

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Forex Analysis:::2011-11-04T06:18:41

EUR/USD Intraday Technical Level For November 4th / 2011

EUR/USD Intraday Technical Level For November 4th / 2011

TODAY TECHNICAL LEVEL :


Breakout BUY Level : 1.3890.

Strong Resistance : 1.3881.

Original Resistance : 1.3869.

Inner Sell Area : 1.3856.

Target Inner Area : 1.3823.

Inner Buy Area : 1.3789.

Original Support : 1.3777.

Strong Support : 1.3764.

Breakout SELL Level : 1.3756.

DESCRIPTION :

Today EUR/USD has support and resistance at 1.3777 and 1.3869 is accompanied by a strong support at 1.3764 and 1.3881 for the strong resistance; If today the EUR/USD can break out and close below the 1.3756 level then this indicates considerable Bearish strength, while if the EUR/USD today can break out and close above the 1.3890 level then this indicates considerable Bullish strength. Alternatively you can trade in a way to open BUY position at the level of 1.3789 and 1.3856 for SELL position in which case both targets are located at the 1.3823 level.

Analyst InstaForex
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