FX.co ★ EUR/USD Technical Support & Resistance for December 27th/2010

TODAY TECHNICAL LEVEL :

Breakout Buy level : 1.3172.
Strong Resistance : 1.3164.
Original Resistance : 1.3152.
Inner Sell Area : 1.3139.
Target Inner Area : 1.3108.
Inner Buy Area : 1.3076.
Original Support : 1.3064.
Strong Support : 1.3051.
Breakout Sell level : 1.3043.

TODAY OUTLOOK :

This pair has been trading between the 1.3075 and the 1.3125 levels. In case it can break out and close below the 1.3075 level, this will lead the EUR/USD to go down to 1.3050 as a first target and 1.3025 as a second target. On the other hand, if this pair can break through and close above 1.3125, this situation will cause this currency to advance to 1.3150 as a first target and 1.3175 as a second target. However, please be careful for the low volatility during the The New Year Holidays.

TODAY SUGESSTION :

Just BUY and SELL between the Inner Fibonacci Envelope or Breakout from their BUY & SELL Level.