FX.co ★ EUR/USD intraday technical levels for November 12, 2013

Today data on German Final CPI m/m will be released; and there will be no news for the US market. So we expect the price action from the EUR/USD pair will be moving in a moderate volatility. Please pay attention to your open positions today.

TODAY's TECHNICAL LEVELS:

Breakout BUY Level: 1.3471.
Strong Resistance: 1.3463.
Original Resistance: 1.3450.
Inner Sell Area: 1.3437.
Target Inner Area: 1.3405.
Inner Buy Area: 1.3373.
Original Support: 1.3360.
Strong Support: 1.3347.
Breakout SELL Level: 1.3339.

DESCRIPTION:

Today EUR/USD has support and resistance at 1.3360 and 1.3450. The rate is accompanied by strong support at 1.3347 and by 1.3463 as strong resistance.

If EUR/USD breaks out and closes below 1.3339 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above 1.3471 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 1.3373 and at 1.3437, a SELL position. In this case both targets should be located at the level of 1.3405.

Best regards,

Arief Makmur

Official Analyst of InstaForex

InstaForex

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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