FX.co ★ EUR/USD Technical Analysis. Support And Resistance Levels For April 07 / 2011

TODAY TECHNICAL LEVEL :

Breakout Buy level : 1.4397.
Strong Resistance : 1.4389.
Original Resistance : 1.4375.
Inner Sell Area : 1.4361.
Target Inner Area : 1.4327.
Inner Buy Area : 1.4293.
Original Support : 1.4279.
Strong Support : 1.4265.
Breakout Sell level : 1.4257.

3 Days High : 1.4351.

3 days Low : 1.4154.

TODAY OUTLOOK:

The bias of the pair is still in a Bullish situation. The EUR/USD now got a small retracement to test the Fibonacci Support 78.6% at 1.4292. If this level can be held, there's a chance for the pair to go up to the 1.4339 level, but if this level cannot hold the downside movement of the pair, the EUR/USD will be going down to the 1.4275 level.

TODAY SUGGESTION :

BUY if the EUR/USD can break out and close above the 1.4325 level, set Take profit at 1.4339 as the first target and 1.4351 (3-days high) as the second target.

SELl if the EUR/USD can break out and close below the 1.4275 level, set Take profit at 1.4255 as the first target and 1.4230 as the second target.