TODAY’s TECHNICAL LEVELS:
Breakout BUY level: 1.3304.
Strong Resistance: 1.3296.
Original Resistance: 1.3283.
Inner Sell Area: 1.3270.
Target Inner Area: 1.3239.
Inner Buy Area: 1.3208.
Original Support: 1.3195.
Strong Support: 1.3182.
Breakout SELL level: 1.3174.
DESCRIPTION:
Today, EUR/USD has support and resistance at 1.3195 and 1.3283. The rate is accompanied by strong support at 1.3182 and by 1.3296 as strong resistance. If EUR/USD breaks out and closes below 1.3174 today, it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above 1.3304, it will denote high bullish strength. Alternatively, for advance traders, you can open a BUY position at the level of 1.3208 and at 1.3270, a SELL position. In this case both targets should be placed at the level of 1.3239.
Best regards,
Official Analyst of InstaForex Group
InstaForex Group
http://instaforex.com
Email : Arief.jakarta@indo.instaforex.com
Yahoo Messenger & Skype: Arief.ifx_jakarta
blog.mt5.com/arief
http://www.mt5.com/forex_analysis_award/profile/index/arief
Disclaimer:
Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Arief Makmur is taking part in the “Analyst of the Year” award organized by MT5.com portal. If you like his article, please vote for him.
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Performed by Arief Makmur, Analytical expert InstaForex Group © 2007-2013 |
EUR/USD intraday technical levels for August 30, 2013
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