FX.co ★ EUR/USD Intraday Technical Level For December 12nd / 2011

TODAY TECHNICAL LEVEL :

Breakout BUY Level : 1.3423.

Strong Resistance : 1.3415.

Original Resistance : 1.3401.

Inner Sell Area : 1.3387.

Target Inner Area : 1.3354.

Inner Buy Area : 1.3321.

Original Support : 1.3308.

Strong Support : 1.3294.

Breakout SELL Level : 1.3286.

DESCRIPTION :

Today EUR/USD has support and resistance at 1.3308 and 1.3401 is accompanied by a strong support at 1.3294 and 1.3415 for the strong resistance; If today the EUR/USD can break out and close below the 1.3286 level then this indicates considerable Bearish strength, while if the EUR/USD today can break out and close above the 1.3423 level then this indicates considerable Bullish strength. Alternatively you can trade in a way to open BUY position at the level of 1.3321 and 1.3387 for SELL position in which case both targets are located at the 1.3354 level.