FX.co ★ EUR/USD intraday technical levels for October 03, 2013

TODAY's TECHNICAL LEVELS:

Breakout BUY Level: 1.3655.

Strong Resistance: 1.3647.

Original Resistance: 1.3634.

Inner Sell Area: 1.3621.

Target Inner Area: 1.3589.

Inner Buy Area: 1.3557.

Original Support: 1.3544.

Strong Support: 1.3531.

Breakout SELL Level: 1.3523.

DESCRIPTION:

Today EUR/USD has support and resistance at 1.3544 and 1.3634. The rate is accompanied by strong support at 1.3531 and by 1.3647 as strong resistance.

If EUR/USD breaks out and closes below the 1.3523 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above the 1.3655 level, then it will denote high bullish strength. Alternatively, for advance traders, you can trade in a way to open a BUY position at the level of 1.3557 and at 1.3621, a SELL position. In this case both targets should be located at the level of 1.3589.

Best regards,

Arief Makmur

Official Analyst of InstaForex Group

InstaForex Group

https://instaforex.com

Email : Arief.jakarta@indo.instaforex.com

blog.mt5.com/arief

https://www.mt5.com/forex_analysis_award/profile/index/arief

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