EUR/USD Intraday Important Level For December 23rd / 2011

TODAY TECHNICAL LEVEL :

Breakout BUY Level : 1.3124.

Strong Resistance : 1.3116.

Original Resistance : 1.3104.

Inner Sell Area : 1.3091.

Target Inner Area : 1.3060.

Inner Buy Area : 1.3028.

Original Support : 1.3003.

Strong Support : 1.2995.

Breakout SELL Level : 1.2942.

DESCIPTION :

Today EUR/USD has support and resistance at 1.3003 and 1.3104 is accompanied by a strong support at 1.2995 and 1.3116 for the strong resistance; If today the EUR/USD can break out and close below the 1.2942 level then this indicates considerable Bearish strength, while if the EUR/USD today can break out and close above the 1.3124 level then this indicates considerable Bullish strength. Alternatively you can trade in a way to open BUY position at the level of 1.3028 and 1.3091 for SELL position in which case both targets are located at the 1.3060 level.