FX.co ★ EUR/USD Technical Analysis. Support and Resistance Levels For December 08, 2010

Today Technical Level:

Breakout Buy level : 1.3329.
Strong Resistance : 1.3321.
Original Resistance : 1.3308.
Inner Sell Area : 1.3295.
Target Inner Area : 1.3264.
Inner Buy Area : 1.3233.
Original Support : 1.3220.
Strong Support : 1.3207.
Breakout Sell level : 1.3199.

Today Outlook:

It seems the EUR/USD will test the 1.3200 level, which acts as a strong support for today. But please pay attention to this "Round Number/Physiologic Level". If the EUR/USD breaks out and closes below that level, then the pair will go down to the level of 1.3175 as a first target and to the level of 1.3150 as a second target, especially if the Breakout Sell level (1.3199) will be broken through. On the other hand, if the 1.3200 level serves as a strong support and the EUR/USD starts to reverse upside again and breaks out the mark of 1.3225, then the pair will move to test the 1.3250 level as a first target and the 1.3275 level as a second target before this pair goes back to 1.3300.