FX.co ★ EUR/USD Intraday Technical Level For May 24th / 2011

TODAY TECHNICAL LEVEL :

Breakout BUY Level : 1.4083.

Strong Resistance : 1.4074.

Original Resistance : 1.4061.

Inner Sell Area : 1.4047.

Target Inner Area : 1.4014.

Inner Buy Area : 1.3981.

Original Support : 1.3967.

Strong Support : 1.3953.

Breakout SELL Level : 1.3945.

SHORT DESCRIPTION :

Today the EUR/USD is to find Support and Resistance between 1.3967 and 1.4061 and it has a strong Support at 1.3953 and a strong Resistance at 1.4074, if today the EUR/USD breaks out and closes below 1.3945, it will be a sign for Short trading for today; on the other hand, if the pair can break out and close above 1.4083, it will be the sign for LONG trading for today. Another option for the advanced trader can be trading between the Inner Buy Level at the 1.3981 for LONG trading and the Inner Sell Level at the 1.4047 for the SHORT trading, and all of them with the target at the 1.4014 level.