FX.co ★ EUR/USD Technical Analysis. Support And Resistance Levels For October 01, 2010

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

Breakout Buy level : 1.3697.
Strong Resistance : 1.3689.
Original Resistance :1.3676.
Inner Sell Area : 1.3663.
Target Inner Area : 1.3631.
Inner Buy Area :1.3599.
Original Support : 1.3586.
Strong Support : 1.3573.
Breakout Sell level : 1.3562

Market Outlook :

Budget deficits of European countries are growing now. Spain's debt ratings are expected to be cut by one to two levels, and Portugal now is under the pressure in the debt market. As a result of failing to tackle the budget deficit, Portugal came under pressure to sell its bonds. In addition, there is other problem in Portugal; the opposition put pressure on the present government to cancel planned tax increase in the country starting next year.