FX.co ★ EUR/USD Intraday Technical Level For December 1st / 2011

TODAY TECHNICAL LEVEL :

Breakout BUY Level : 1.3505.

Strong Resistance : 1.3497.

Original Resistance : 1.3485.

Inner Sell Area : 1.3472.

Target Inner Area : 1.3440.

Inner Buy Area : 1.3408.

Original Support : 1.3395.

Strong Support : 1.3382.

Breakout SELL Level : 1.3374.

DECRIPTION :

Today EUR/USD has support and resistance at 1.3395 and 1.3485 is accompanied by a strong support at 1.3382 and 1.3497 for the strong resistance; If today the EUR/USD can break out and close below the 1.3374 level then this indicates considerable Bearish strength, while if the EUR/USD today can break out and close above the 1.3505 level then this indicates considerable Bullish strength. Alternatively you can trade in a way to open BUY position at the level of 1.3408 and 1.3472 for SELL position in which case both targets are located at the 1.3440 level.