FX.co ★ EUR/USD Intraday Technical Level For December 21st / 2011

TODAY TECHNICAL LEVEL :

Breakout BUY Level : 1.3176.

Strong Resistance : 1.3168.

Original Resistance : 1.3156.

Inner Sell Area : 1.3143.

Target Inner Area : 1.3112.

Inner Buy Area : 1.3080.

Original Support : 1.3068.

Strong Support : 1.3054.

Breakout SELL Level : 1.3046

DESCRIPTION :

Today EUR/USD has support and resistance at 1.3068 and 1.3156 is accompanied by a strong support at 1.3054 and 1.3168 for the strong resistance; If today the EUR/USD can break out and close below the 1.3046 level then this indicates considerable Bearish strength, while if the EUR/USD today can break out and close above the 1.3176 level then this indicates considerable Bullish strength. Alternatively you can trade in a way to open BUY position at the level of 1.3080 and 1.3143 for SELL position in which case both targets are located at the 1.3112 level.