FX.co ★ EUR/USD Intraday Technical Levels for December 7, 2012

TODAY's TECHNICAL LEVELS:

Breakout BUY Level: 1.3024.
Strong Resistance: 1.3117.
Original Resistance: 1.3005.
Inner Sell Area: 1.2992.
Target Inner Area: 1.2962.
Inner Buy Area: 1.2931.
Original Support: 1.2919.
Strong Support: 1.2906.
Breakout SELL Level: 1.2898.

DESCRIPTION:

Today EUR/USD has support and resistance at 1.2919 and 1.3005. The rate is accompanied by strong support at 1.2906 and by 1.3117 as strong resistance.
If EUR/USD breaks out and closes below 1.2898 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above 1.3024 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 1.2931 and at 1.2992, a SELL position. In this case both targets should be located at the level of 1.2962.

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