FX.co ★ EUR/USD Intraday Technical Level for January 3, 2012

TODAY's TECHNICAL LEVELS:

Breakout BUY Level : 1.3013.

Strong Resistance : 1.3006.

Original Resistance : 1.2994.

Inner Sell Area : 1.2981.

Target Inner Area : 1.2951.

Inner Buy Area : 1.2920.

Original Support : 1.2908.

Strong Support : 1.2896.

Breakout SELL Level : 1.2888.

DESCRIPTION :

Today EUR/USD has support and resistance at 1.2908 and 1.2994 and is accompanied by a strong support at 1.2896 and 1.3006 as a strong resistance. If today EUR/USD is able to break out and close below 1.2888, then this will indicate considerable bearish strength, while if EUR/USD today breaks out and closes above 1.3013, then this will indicate considerable bullish strength. Alternatively, you can open a BUY position at the level of 1.2920 and 1.2981 – a SELL position, in this case both targets should be placed at 1.2951.