FX.co ★ EUR/USD Intraday Technical Levels For August 24, 2011

TODAY's TECHNICAL LEVELS:

Breakout BUY Level : 1.4511.

Strong Resistance : 1.4502.

Original Resistance : 1.4499.

Inner Sell Area : 1.4475.

Target Inner Area : 1.4441.

Inner Buy Area : 1.4406.

Original Support : 1.4393.

Strong Support : 1.4279.

Breakout SELL Level : 1.4370.

SHORT DESCRIPTION :

Today EUR/USD will find their Support and Resistance between 1.4393 and 1.4499; and this pair today has a strong Support at 1.4279 and a strong Resistance at 1.4502; if today EUR/USD breaks out and closes below 1.4370, it will be sign for a SHORT trading for today; on the other hand, if this currency breaks out and closes above 1.4511, it will be sign for a LONG trading for today. Another option for the advanced trader can be trading between Inner Buy Level at 1.4406 for LONG trading and Inner Sell Level at 1.4475 for SHORT trading, and both of them (Inner BUY & Inner SELL Level) with the target at 1.4441.