FX.co ★ EUR/USD Technical Analysis. Support And Resistance Levels For March 04/2011

TODAY TECNICAL LEVEL :

Breakout Buy level : 1.4031.
Strong Resistance : 1.4023.
Original Resistance : 1.4009.
Inner Sell Area : 1.3995.
Target Inner Area : 1.3962.
Inner Buy Area : 1.3929.
Original Support : 1.3915.
Strong Support : 1.3901.
Breakout Sell level : 1.3893

TODAY OUTLOOK :

After a breakout of the 1.3893 Resistance level yesterday, the pair reached the next level at 1.3975; all the profit targets predicted yesterday were absolutely hit by the pair. Today since early morning the EUR/USD has been trading in a tight range, this situation usually happens when the Non Farm Payroll data is due.

TODAY SUGGESTION :

NO TRADE recommended today during the Non Farm Payroll Data release.