FX.co ★ EUR/USD Technical Analysis. Support And Resistance Levels For September 21, 2010

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

Breakout Buy level : 1.3126.
Strong Resistance : 1.3118.
Original Resistance :1.3105 .
Inner Sell Area : 1.3092.
Target Inner Area : 1.3061.
Inner Buy Area : 1.3030 .
Original Support : 1.3017.
Strong Support : 1.3004.
Breakout Sell level : 12996.

Market Outlook :

Dollar weakens against the euro for a second day amid expectation that a weakening global recovery will reduce the demand for dollars. Moreover, many market participants are still pessimistic, having forecasted the Fed will cut its economic growth outlook. According to the analysts, the Fed will still hold interest rates in the long term. But the economic conditions in Europe, which is still unstable, must be taken into account.