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FX.co ★ EUR/USD Intraday Technical Level For November 7th / 2011

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Forex Analysis:::2011-11-07T05:25:59

EUR/USD Intraday Technical Level For November 7th / 2011

EUR/USD Intraday Technical Level For November 7th / 2011

TODAY TECHNICAL LEVEL :

Breakout BUY Level : 1.3854.

Strong Resistance : 1.3846.

Original Resistance : 1.3833.

Inner Sell Area : 1.3820.

Target Inner Area : 1.3787.

Inner Buy Area : 1.3753.

Original Support : 1.3741.

Strong Support : 1.3728.

Breakout SELL Level : 1.3720

DESCRIPTION :

Today EUR/USD has support and resistance at 1.3741 and 1.3833 is accompanied by a strong support at 1.3728 and 1.3846 for the strong resistance; If today the EUR/USD can break out and close below the 1.3720 level then this indicates considerable Bearish strength, while if the EUR/USD today can break out and close above the 1.3854 level then this indicates considerable Bullish strength. Alternatively you can trade in a way to open BUY position at the level of 1.3753 and 1.3820 for SELL position in which case both targets are located at the 1.3787 level.

Analyst InstaForex
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