FX.co ★ EUR/USD Intraday Important Levels for January 2, 2012

TODAY's TECHNICAL LEVELS:

Breakout BUY Level : 1.3007.

Strong Resistance : 1.2999.

Original Resistance : 1.2987.

Inner Sell Area : 1.2975.

Target Inner Area : 1.2944.

Inner Buy Area : 1.2913.

Original Support : 1.2901.

Strong Support : 1.2888.

Breakout SELL Level : 1.2881.

DESCRIPTION :

Today EUR/USD has support and resistance at 1.2901 and 1.2987 and is accompanied by a strong support at 1.2888 and 1.2999 for the strong resistance; If today the EUR/USD is able to break out and close below the 1.2881 level, then this will indicate considerable Bearish strength, while if the EUR/USD today breaks out and closes above the 1.3007 level, then this will denote considerable Bullish strength. Alternatively you can trade in a way to open BUY position at the level of 1.2913 and 1.2975 for SELL position, in which case both targets will be placed at the 1.2944 level.