FX.co ★ EUR/USD Intraday Technical Levels for November 27, 2012

TODAY's TECHNICAL LEVELS:

Breakout BUY Level: 1.3057.
Strong Resistance: 1.3049.
Original Resistance: 1.3039.
Inner Sell Area: 1.3026.
Target Inner Area: 1.2993.
Inner Buy Area: 1.2960.
Original Support: 1.2948.
Strong Support: 1.2935.
Breakout SELL Level: 1.2926.

DESCRIPTION:

Today EUR/USD has support and resistance at 1.2948 and 1.3039. The rate is accompanied by strong support at 1.2935 and by 1.3049 as strong resistance. If EUR/USD breaks out and closes below 1.2926 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above 1.3057 level, then it will denote high bullish strength. Alternatively, for advance traders, you can trade in a way to open a BUY position at the level of 1.2960 and at 1.3026, a SELL position. In this case both targets should be located at the level of 1.2993.

Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
https://instaforex.com
E-mail: Arief.jakarta@indo.instaforex.com