Friday, August 19, 2011

EUR/USD Intraday Technical Level - August 19, 2011




TODAY  TECHNICAL  LEVEL :

Breakout BUY Level : 1.4369.
Strong Resistance : 1.4360.
Original Resistance : 1.4347.
Inner Sell Area : 1.4333.
Target Inner Area : 1.4299.
Inner Buy Area : 1.4265.
Original Support : 1.4251.
Strong Support : 1.4237.
Breakout SELL Level : 1.4228.

SHORT  DESCRIPTION :

Today the EUR/USD is to find Support and Resistance between 1.4251 and 1.4347 and it has a strong Support at 1.4237 and a strong Resistance at 1.4360; if today the EUR/USD can breakout and closes below 1.4228, it will be a sign for Short trading for today; on the other hand, if the pair can break out and close above 1.4369, it will be the sign for LONG trading for today. 

Another option for the advanced trader can be trading between the Inner Buy Level at the 1.4265 for LONG trading and the Inner Sell Level at the 1.4333 for the SHORT trading, and all of them with the target at the 1.4299 level.

Performed by Arief Makmur, Analytical expert