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

Today Technical Level:

Breakout Buy level : 1.3294.
Strong Resistance : 1.3286.
Original Resistance : 1.3273.
Inner Sell Area : 1.3260.
Target Inner Area : 1.3229.
Inner Buy Area : 1.3198.
Original Support : 1.3185.
Strong Support : 1.3172.
Breakout Sell level : 1.3164.

Today Outlook:

After the Riot at Italy yesterday, this pair has already moved down to the 1.3225 level yesterday. However, it seems the mark of 1.3200 served as a strong Support. For today if this pair can close above the 1.3225 level, then the pair will probably move to 1.3250 as a first target and to 1.3275 (Fibonacci Resistance 23.6%) as a second target. However, if this pair breaks out and closes below the level of 1.3200, it will allow the pair to move down to 1.3175 as a first target and to the level of 1.3150 as a second target.