FX.co ★ EUR/USD Technical Analysis. Support And Resistance Levels For September 8, 2010

Thus, here are the important intraday levels for today:

Breakout Buy level : 1.2755.
Strong Resistance : 1.2748.
Original Resistance : 1.2736.
Inner Sell Area : 1.2724.
Target Inner Area : 1.2694.
Inner Buy Area : 1.2664.
Original Support : 1.2652.
Strong Support : 1.2640.
Breakout Sell level : 1.2633.

General Review

The US dollar is likely to upmove versus other major currencies, though not against the Japanese yen. The prevalence of the risk attitude can be behind the strengthening of the greenback on the background of the economic concerns in the world. The problems of the European banking sector reappeared to support the declining belief in the government bonds in countries that entered the Euro area such as Portugal and Ireland. The pictures of the crisis such as the Greek budget deficit returned to the Europe. This fears made the euro decline considerably. Currently, the expected fundamentals can affect the trade, as the German production can incriminate this European single currency to rise from the pressure. It seems that the American Payroll data recovery at the end of last week have not changed the overall trend. The global economic uncertainties still cause the purchases of safe haven currencies such as the US dollar, the yen and the alpine unit, while high yield currencies such as the euro, the pound and the Aussie can get under the pressure again. The data from several leading central banks demonstrate that there have been no signals of changing the interest rates. The tightening measures will still be the choice of conservative central banks.