FX.co ★ EUR/USD Technical Analysis. Support And Resistance Levels For December 28th, 2010

TODAY TECHNICAL LEVEL :

Breakout Buy level : 1.3298.
Strong Resistance : 1.3290.
Original Resistance : 1.3277.
Inner Sell Area : 1.3264.
Target Inner Area : 1.3233.
Inner Buy Area : 1.3201.
Original Support : 1.3189.
Strong Support : 1.3176.
Breakout Sell level : 1.3168.

TODAY OUTLOOK :

In the early morning the EUR/USD broke out and closed above the 1.3175 level; recently this pair has stopped and has been trapped betwen 1.3225 and 1.3250; if it manages to break out and close below the 1.3225 level, this will denote that it will advance to its first target at .3200 and its second target at 1.3075; on the other hand if this pair can break out and close above 1.3250, this will cause this pair to go up to 1.3275 as its first target and 1.3300 as its second target.

TODAY SUGGESTION :

BUY at 1.3213 and set TakeProfit between 10 pips to 20 pips.

SELL at 1.3111 and set TakeProfit between 10 pips to 20 pips.