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FX.co ★ EUR/USD Technical Analysis. Support and Resistance Levels For December 02, 2010

EUR/USD Technical Analysis. Support and Resistance Levels For December 02, 2010

EUR/USD Technical Analysis. Support and Resistance Levels For December 02, 2010

Today Technical Levels :

Breakout Buy level : 1.3185.
Strong Resistance : 1.3177.
Original Resistance : 1.3164.
Inner Sell Area : 1.3151.
Target Inner Area : 1.3120.
Inner Buy Area : 1.3089.
Original Support : 1.3076.
Strong Support : 1.3063.
Breakout Sell level : 1.3055.

Today Outlook :

This EUR/USD pair is now traded in the range of 1.3075-1.3125. If this pair breaks up and closes above the 1.3125 level, then the pair will increase to 1.3180. In case today the upside tendency is strong enough then the pair will probably rise to the 1.3200 level. On the other hand, if this pair breaks through and closes below the 1.3075 level, then the pair will drop to 1.3047; and if the downside movement is strong enough then today the EUR/USD pair will probably reach the 1.3025 level before it declines again to 1.3000.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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