FX.co ★ EUR/USD Technical Analysis. Support And Resistance Levels For January 21/2011

TODAY TECHNICAL LEVEL :

Breakout Buy level : 1.3529.
Strong Resistance : 1.3521.
Original Resistance : 1.3508.
Inner Sell Area : 1.3495.
Target Inner Area : 1.3463.
Inner Buy Area : 1.3431.
Original Support : 1.3418.
Strong Support : 1.3405.
Breakout Sell level : 1.3397.

TODAY OUTLOOK :

Since early morning the EUR/USD has been trading between 1.3450 and 1.3475; however, this pair unexpectedly tested the 1.3500 level and it seems to be able to easily break and close above that level. Now the EUR/USD wants to reach the yesterday's high at 1.3522 and 1.3525 as the first target. Please pay attention if the pair manages to break out and close above the Breakout Buy Level at 1.3529, because it can direct this pair upwards for today.

TODAY SUGGESTION :

BUY if the EUR/USD can break out and close above 1.3525 and set 1.3550 as the first target and 1.3575 as the second target.

SELL if the EUR/USD can break out and close bellow 1.3450 and set 1.3425 as the first target and 1.3400 as the second target.