FX.co ★ EUR/USD Technical Analysis. Support And Resistance Levels For March 30/2011

TODAY TECHNICAL LEVEL :

Breakoput BUY Level : 1.4187.
Strong Resistance : 1.4179.
Resistance : 1.4165.
Inner SELL Area : 1.4152
Target Inner Area : 1.4118.
Inner BUY Area : 1.4084
Support : 1.4071.
Strong SUpport : 1.4057.
Breakout SELL Level : 1.4048.

TODAY OUTLOOK :

In the early morning the EUR/USD was trading between the 1.4075 and the 1.4125 levels, It seems the 1.4125 level provided a strong Resistance since yesterday, as a result the pair hit this level and reversed to the downside again.
And the level 1.4075 is likely to be test by the pair today, if this level can be broken out by the EUR/USD this currency will test the 3 days low level at 1.4051.

TODAY SUGGESTION :

BUY if the EUR/USD can break out and close above 1.4125, set Take profit at 1.4136 as the first target and 1.4150 as the second target.
SELL if the EUR/USD can break out and close below 1.4075, set Take profit at 1.4050 as the first target and 1.4025 as the second target.