Here is an intraday important trading level for this day :
Breakout Buy level : 1.3107.
Strong Resistance : 1.3099.
Original Resistance :1.3087 .
Inner Sell Area : 1.3074.
Target Inner Area : 1.3044 .
Inner Buy Area : 1.3013 .
Original Support : 1.3001.
Strong Support : 1.2988.
Breakout Sell level : 1.2981 .
Market Outlook :
Last week, an unemployment rate decreased, and even though the economy of the United States is still in its early stages of recovery, there is a strong expectation in the United States that made the U.S. dollar to rise again against all currencies. Another key factor that caused the weakening of the EUR / USD pair is the fact that the market is currently awaiting the decision of the Fed which will be released Wednesday morning. On Thursday, Geithner said China is reluctant to release the movement of yuan and maintain dollar peg, the G20 countries want to force China to break the current political deadlock. In addition, the euro also weakened against the U.S. dollar due to concerns within the framework of the Irish government efforts to seek funding for the banking industry that remains weak in that country.