EUR/USD Intraday Technical Level For December 29th / 2011

TODAY TECHNICAL LEVEL :

Breakout BUY Level : 1.2961.

Strong Resistance : 1.2954.

Original Resistance : 1.2942.

Inner Sell Area : 1.2929.

Target Inner Area : 1.2899.

Inner Buy Area : 1.2867.

Original Support : 1.2856.

Strong Support : 1.2844.

Breakout SELL Level : 1.2836.

DESCRIPTION :

Today EUR/USD has support and resistance at 1.2856 and 1.2942 is accompanied by a strong support at 1.2844 and 1.2954 for the strong resistance; If today the EUR/USD can break out and close below the 1.2836 level then this indicates considerable Bearish strength, while if the EUR/USD today can break out and close above the 1.2961 level then this indicates considerable Bullish strength. Alternatively you can trade in a way to open BUY position at the level of 1.2867 and 1.2929 for SELL position in which case both targets are located at the 1.2899 level.