The market players yesterday saw that the unemployment data from the USA had improved slightly, thus, in August 2010 the unemployment decreased by 6000 claims. However, total unemployment in the United States is still quite high demonstrating the distortions in the economy of the country. As a result, EUR / USD after the release of the Non-Farm Payroll data uprose to 1.2897. the forecast for today is that EUR / USD seems to hit the level of 1.2900 with a target of between 1.2920 to 1.2950, but if those levels are not successfully broken through, then this currency is likely to reverse to the area of 1.2820-1.2850. Besides that, the US dollar depressed into its lowest level in two weeks versus the euro ahead of the release of economic data on the momentum of recovery in Germany, which is predicted to improve.
Thus, here are the important intraday levels for today:
Breakout Buy level : 1.2949.
Strong Resistance : 1.2941.
Original Resistance : 1.2929.
Inner Sell Area : 1.2917.
Target Inner Area : 1.2886.
Inner Buy Area : 1.2856
Original Support : 1.2843.
Strong Support : 1.2831.
Breakout Sell level : 1.2823.