FX.co ★ EUR/USD Technical Analysis. Support And Resistance Levels For September 16, 2010

If we look at the charts, there were 3 trade positions yesterday ( 2 Buy, & 1 Sell) and two of them had successfully hit the target.

Here is an important intraday trading level area for this pair today :

Breakout Buy level : 1.3072.
Strong Resistance : 1.3064.
Original Resistance : 1.3052.
Inner Sell Area : 1.3040.
Target Inner Area : 1.3009.
Inner Buy Area : 1.2978.
Original Support : 1.2966.
Strong Support : 1.2953.
Breakout Sell level : 1.2946.

Market Outlook :

President of the European Commission Jose Manuel Barroso called on the region's countries to promote economic growth, expand the single market, and create a European bond to financemajor infrastructure projects. Barroso said the economic growth prospects of 27 European Union countries now are better than a year ago. However, he said, not all European Union members are actually taking part in the process of economic recovery. In Brussels, the members of the European Union currently discuss the plan of budget cuts. In addition, Mr Barroso proposed the re-establishment of a European bond (European bonds) as sources of funding, especially for large projects. This contradictory idea was rejected by several European Union member countries, including Germany.