FX.co ★ EUR/USD Intraday Technical Level For January 12nd / 2012

TODAY TECHNICAL LEVEL :

Breakout BUY Level : 1.2775.

Strong Resistance : 1.2767.

Original Resistance : 1.2755.

Inner Sell Area : 1.2743.

Target Inner Area : 1.2713.

Inner Buy Area : 1.2683.

Original Support : 1.2671.

Strong Support : 1.2659.

Breakout SELL Level : 1.2651.

DESCRIPTION :

Today EUR/USD has support and resistance at 1.2671 and 1.2755 is accompanied by a strong support at 1.2659 and 1.2767 for the strong resistance; If today the EUR/USD can break out and close below the 1.2651 level then this indicates considerable Bearish strength, while if the EUR/USD today can break out and close above the 1.2775 level then this indicates considerable Bullish strength. Alternatively you can trade in a way to open BUY position at the level of 1.2683 and 1.2743 for SELL position in which case both targets are located at the 1.2713 level.