FX.co ★ EUR/USD Technical Analysis. Support And Resistance Levels For September 1, 2010

The meeting of the FOMC held this morning has demonstrated that the US economic forecasts have worsened and currently the economic growth needs the incentives of the FRS. Thus, the authorities will discuss the measures which can restore the advance. The FRS has also come to a conclusion to re-invest the funds into mortgage-related securities with a maturity and long-term US government bonds so that to balance the use of funds amounting to $ 2 trillion and maintain the support for economic growth. The FRS are open for other actions, such as the options to invest back into the mortgage-based security assets, mortgage-backed securities are the major choice in order to see the improvements in time. In the figures you can see the movement of the pair.

The important intraday trading levels for today are:

Breakout Buy level : 1.2735.
Strong Resistance : 1.2728.
Original Resistance : 1.2716.
Inner Sell Area : 1.2704.
Target Inner Area : 1.2674.
Inner Buy Area : 1.2644.
Original Support : 1.2632.
Strong Support : 1.2620.
Breakout Sell level : 1.2612.