FX.co ★ EUR/USD Technical Analysis. Support And Resistance Levels For March 22/2011

TODAY TECHNICAL LEVEL :

Breakout Buy level : 1.4285.
Strong Resistance : 1.4276.
Original Resistance : 1.4263.
Inner Sell Area : 1.4249.
Target Inner Area : 1.4216.
Inner Buy Area : 1.4182.
Original Support : 1.4169.
Strong Support : 1.4155.
Breakout Sell level : 1.4147.

TODAY OUTLOOK :

The Bias of the pair is still in a Bullish situation, however there is a possibility that today the 1.4200 level will be tested; however, as long as the 1.4150 level is not broken the Bullish situation is still in advance and the downside movement is just a retracement.

TODAY SUGGESTION :

BUY if this pair can break out and close above the 1.4239 level, set Take profit at 1.4250 as the first target and 1.4275 as the second target.

SELL if this pair can break out and close below the 1.4200 level, set Take profit at 1.4175 as the first target and 1.4150 as the second target.