EUR/USD Intraday Technical Level For December 8th / 2011

TODAY TECHNICAL LEVEL :

Breakout BUY Level : 1.3472.

Strong Resistance : 1.3464.

Original Resistance : 1.3451.

Inner Sell Area : 1.3438.

Target Inner Area : 1.3406.

Inner Buy Area : 1.3374.

Original Support : 1.3361.

Strong Support : 1.3348.

Breakout SELL Level : 1.3340

DESCRIPTION :

Today EUR/USD has support and resistance at 1.3361 and 1.3451 is accompanied by a strong support at 1.3348 and 1.3464 for the strong resistance; If today the EUR/USD can break out and close below the 1.3340 level then this indicates considerable Bearish strength, while if the EUR/USD today can break out and close above the 1.3472 level then this indicates considerable Bullish strength. Alternatively you can trade in a way to open BUY position at the level of 1.3374 and 1.3438 for SELL position in which case both targets are located at the 1.3406 level.