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FX.co ★ EUR/USD Intraday Technical Level For December 9th / 2011

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Forex Analysis:::2011-12-09T06:16:47

EUR/USD Intraday Technical Level For December 9th / 2011

EUR/USD Intraday Technical Level For December 9th / 2011

TODAY TECHNICAL LEVEL :

Breakout BUY Level : 1.3411.

Strong Resistance : 1.3403.

Original Resistance : 1.3391.

Inner Sell Area : 1.3378.

Target Inner Area : 1.3347.

Inner Buy Area : 1.3315.

Original Support : 1.3303.

Strong Support : 1.3290.

Breakout SELL Level : 1.3282.

DESCRIPTION :

Today EUR/USD has support and resistance at 1.3303 and 1.3391 is accompanied by a strong support at 1.3290 and 1.3403 for the strong resistance; If today the EUR/USD can break out and close below the 1.3282 level then this indicates considerable Bearish strength, while if the EUR/USD today can break out and close above the 1.3411 level then this indicates considerable Bullish strength. Alternatively you can trade in a way to open BUY position at the level of 1.3315 and 1.3378 for SELL position in which case both targets are located at the 1.3347 level.

Analyst InstaForex
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