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

TODAY's TECHNICAL LEVELS:

Breakout Buy Level: 1.3295.

Strong Resistance: 1.3287.

Original Resistance: 1.3275.

Inner Sell Area: 1.3262.

Target Inner Area: 1.3231.

Inner Buy Area: 1.3199.

Original Support: 1.3187.

Strong Support: 1.3174.

Breakout Sell Level: 1.3166.

DESCRIPTION:

Today EUR/USD has support and resistance at 1.3187 and 1.3275. It is accompanied by strong support at 1.3174 and by 1.3287 as strong resistance.

If EUR/USD breaks out and closes below the 1.3166 level today, it will indicate considerable bearish strength, while if EUR/USD manages to break out and close above the 1.3295 level, then this will denote high bullish strength. Alternatively for advance traders, you can trade in a way to open a Buy position at the level of 1.3199 and at 1.3262 a Sell position, in this case both targets should be located at the level of 1.3231.

Best regards,

Arief Makmur

Official Analyst of InstaForex Companies Group

InstaForex Companies Group

https://instaforex.com

Email : Arief.jakarta@indo.instaforex.com