FX.co ★ EUR/USD Intraday Technical Levels for January 6, 2012

TODAY's TECHNICAL LEVELS:

Breakout BUY Level : 1.2852.

Strong Resistance : 1.2845.

Original Resistance : 1.2833.

Inner Sell Area : 1.2820.

Target Inner Area : 1.2790.

Inner Buy Area : 1.2757.

Original Support : 1.2747.

Strong Support : 1.2734.

Breakout SELL Level : 1.2726.

DESCRIPTION :

Today EUR/USD has support and resistance at 1.2747 and 1.2833, and is accompanied by strong support at 1.2734 and 1.2845 – as strong resistance.
If today the EUR/USD pair is able to break out and close below the 1.2726 level, then this will indicate considerable bearish strength, while if the EUR/USD pair today breaks out and closes above the 1.2852 level, then this will indicate considerable bullish strength. Alternatively, you can trade in a way to open a BUY position at the level of 1.2757 and at 1.2820 - for SELL position, in this case both targets will be placed at the 1.2790 level.