FX.co ★ EUR/USD intraday technical levels for August 16, 2013

TODAY's TECHNICAL LEVELS:

Breakout BUY Level: 1.3416.

Strong Resistance: 1.3408.

Original Resistance: 1.3395.

Inner Sell Area: 1.3382.

Target Inner Area: 1.3350.

Inner Buy Area: 1.3318.

Original Support: 1.3305.

Strong Support: 1.3292.

Breakout SELL Level: 1.3284.

DESCRIPTION:

Today, EUR/USD has support and resistance at 1.3305 and 1.3395. The rate is accompanied by strong support at 1.3292 and by 1.3408 as strong resistance.

If EUR/USD breaks out and closes below 1.3284 today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above 1.3416 level, then it will denote high bullish strength. Alternatively, for advance traders, you can trade in the way to open a BUY position at the level of 1.3318 and at 1.3382, a SELL position. In this case both targets should be set at the level of 1.3350.

Best regards,

Arief Makmur

Official Analyst of InstaForex Group

InstaForex Group

https://instaforex.com

Email : Arief.jakarta@indo.instaforex.com

Yahoo Messenger & Skype: Arief.ifx_jakarta

blog.mt5.com/arief

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

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