FX.co ★ EUR/USD Intraday Technical Levels For August 23, 2011

TODAY's TECHNICAL LEVELS:

Breakout BUY Level : 1.4431.

Strong Resistance : 1.4423.

Original Resistance : 1.4409.

Inner Sell Area : 1.4395.

Target Inner Area : 1.4361.

Inner Buy Area : 1.4327.

Original Support : 1.4313.

Strong Support : 1.4299.

Breakout SELL Level : 1.4290.

SHORT DESCRIPTION :

Today EUR/USD will find the Support and Resistance between 1.4313 and 1.4409; today there is a strong Support at 1.4299 and a strong Resistance at 1.4423; if today EUR/USD breaks out and closes below 1.4290, it will be a sign for a SHORT trading for today; on the other hand, if it is able to breakout and close above 1.4431, it will be the sign of a LONG trading for today. Another option for the advanced trader can be trading between the Inner Buy Level at 1.4327 with LONG positions and the Inner Sell Level at 1.4395 with SHORT trading, and both of them (the Inner BUY & Inner SELL Level) are with the target at 1.4361.