FX.co ★ EUR/USD Technical Analysis. Support And Resistance Line For August; 18th/2010

Preview :

Current market view stays quite risky because the Fed with interest rates below 0 is a little bit speculative for US economy now. Ideally, the Fed should raise interest rates to one percent in a short-term period, waiting for improvement in the economy and increase again to 2 percent when it becomes clear that the economy is improving and economic growth runs. This is similar to proposals the FRS has previously made. That is why Euro has got a slight appreciation against the U.S. Dollar a few days ago.

Technical Level :

Breakout Buy level : 1.2931.
Strong Resistance : 1.2923.
Original Resistance : 1.2911.
Inner Sell Area : 1.2898.
Target Inner Area : 1.2868.
Inner Buy Area : 1.2837.
Original Support : 1.2825.
Strong Support : 1.2813.
Breakout Sell level : 1.2805 .

Fundamental News :

Today there is only one kind of data, which will be issued by the United States, it is Crude Oil Inventories at 21:30 WIB.