EUR/USD Intraday Technical Level For December 27th / 2011

TODAY TECHNICAL LEVEL :

Breakout BUY Level : 1.3123.

Strong Resistance : 1.3115.

Original Resistance : 1.3102.

Inner Sell Area : 1.3089.

Target Inner Area : 1.3058.

Inner Buy Area : 1.3027.

Original Support : 1.3014.

Strong Support : 1.3001.

Breakout SELL Level : 1.2993.

DESCRIPTION :

Today EUR/USD has support and resistance at 1.3014 and 1.3102 is accompanied by a strong support at 1.3001 and 1.3115 for the strong resistance; If today the EUR/USD can break out and close below the 1.2993 level then this indicates considerable Bearish strength, while if the EUR/USD today can break out and close above the 1.3123 level then this indicates considerable Bullish strength. Alternatively you can trade in a way to open BUY position at the level of 1.3027 and 1.3089 for SELL position in which case both targets are located at the 1.3058 level.