FX.co ★ EUR/USD Intraday Technical Levels for January 4, 2012

TODAY's TECHNICAL LEVELS:

Breakout BUY Level : 1.3110.

Strong Resistance : 1.3102.

Original Resistance : 1.3090.

Inner Sell Area : 1.3077.

Target Inner Area : 1.3046.

Inner Buy Area : 1.3015.

Original Support : 1.3002.

Strong Support : 1.2989.

Breakout SELL Level : 1.2981.

DESCRIPTION :

Today EUR/USD has support and resistance at 1.3002 and 1.3090 is accompanied by a strong support at 1.2989 and 1.3102 for the strong resistance.
If today EUR/USD manages to break out and close below the 1.2981 level then this will show considerable Bearish strength, while if EUR/USD today breaks out and closes above the 1.3110 level then this will indicate considerable Bullish strength. Alternatively you can trade in a way to open BUY position at the level of 1.3015 and 1.3077 for SELL position in which case both targets will be located at the 1.3046 level.