FX.co ★ EUR/USD intraday technical levels for January 11, 2013

TODAY's TECHNICAL LEVELS:

Breakout Buy Level: 1.3333.

Strong Resistance: 1.3325.

Original Resistance: 1.3312.

Inner Sell Area: 1.3299.

Target Inner Area: 1.3268.

Inner Buy Area: 1.3236.

Original Support: 1.3224.

Strong Support: 1.3211.

Breakout Sell Level: 1.3203.

DESCRIPTION:

Today EUR/USD has support and resistance at 1.3224 and 1.3312 and is accompanied by strong support at 1.3211 and by strong resistance at 1.3325.

If EUR/USD breaks out and closes below the 1.3203 level today, then this will indicate considerable bearish strength; while if EUR/USD manages to break out and close above the 1.3333 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 1.3236 and at 1.3299 - a Sell position. Both targets should be placed at the level of 1.3268.

Best regards,

Arief Makmur

Official Analyst of InstaForex Companies Group

InstaForex Companies Group

https://instaforex.com

Email : Arief.jakarta@indo.instaforex.com