EUR/USD Intraday Important Level For December 7th / 2011

TODAY TECHNICAL LEVEL :

Breakout BUY Level : 1.3476.

Strong Resistance : 1.3468.

Original Resistance : 1.3455.

Inner Sell Area : 1.3442.

Target Inner Area : 1.3410.

Inner Buy Area : 1.3377.

Original Support : 1.3365.

Strong Support : 1.3351.

Breakout SELL Level : 1.3343.

DESCRIPTION :

Today EUR/USD has support and resistance at 1.3365 and 1.3455 is accompanied by a strong support at 1.3351 and 1.3468 for the strong resistance; If today the EUR/USD can break out and close below the 1.3343 level then this indicates considerable Bearish strength, while if the EUR/USD today can break out and close above the 1.3476 level then this indicates considerable Bullish strength. Alternatively you can trade in a way to open BUY position at the level of 1.3377 and 1.3442 for SELL position in which case both targets are located at the 1.3410 level.