FX.co ★ EUR/USD Technical Support & Resistance for December 23rd/2010

TODAY EUR/USD TECHNICAL LEVEL :

Breakout Buy level : 1.3168.
Strong Resistance : 1.3160.
Original Resistance : 1.3148.
Inner Sell Area : 1.3135.
Target Inner Area : 1.3104.
Inner Buy Area : 1.3073.
Original Support : 1.3060.
Strong Support : 1.3047.
Breakout Sell level : 1.3039.

TODAY OUTLOOK :

Since early morning the EUR/USD has already been trading in the ranging situation betwen 1.3100 and 1.3125; if it manages to break out and close below 1.3200 will cause this pair to go down to 1.3075 as a first target and 1.3150 as a second target, on the other hand if this pair can breakout and close above 1.3125 will make the EUR/USD to catch 1.3150 as a first target and 1.3175 as a second target.

TODAY SUGGESTION TRADE FOR THE EUR/USD :

BUY at 1.3155; set for the Take profit betwen 10 pips to 20 pips.

SELL at 1.3053; set for the Take profit betwen 10 pips to 20 pips.