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FX.co ★ EUR/USD Intraday Technical Level For January 11st / 2012

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Forex Analysis:::2012-01-11T06:09:56

EUR/USD Intraday Technical Level For January 11st / 2012

EUR/USD Intraday Technical Level For January 11st / 2012

TODAY TECHNICAL LEVEL :

Breakout BUY Level : 1.2810.

Strong Resistance : 1.2803.

Original Resistance : 1.2791.

Inner Sell Area : 1.2778.

Target Inner Area : 1.2748.

Inner Buy Area : 1.2717.

Original Support : 1.2705.

Strong Support : 1.2693.

Breakout SELL Level : 1.2685.

DESCRIPTION :

Today EUR/USD has support and resistance at 1.2705 and 1.2791 is accompanied by a strong support at 1.2693 and 1.2803 for the strong resistance; If today the EUR/USD can break out and close below the 1.2685 level then this indicates considerable Bearish strength, while if the EUR/USD today can break out and close above the 1.2810 level then this indicates considerable Bullish strength. Alternatively you can trade in a way to open BUY position at the level of 1.2717 and 1.2778 for SELL position in which case both targets are located at the 1.2748 level.

Analyst InstaForex
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