FX.co ★ EUR/USD Intraday Technical Levels for February 28, 2012

TODAY's TECHNICAL LEVELS:

Breakout BUY Level : 1.3464.

Strong Resistance : 1.3456.

Original Resistance : 1.3443.

Inner Sell Area : 1.3430.

Target Inner Area : 1.3398.

Inner Buy Area : 1.3365.

Original Support : 1.3353.

Strong Support : 1.3340.

Breakout SELL Level : 1.3331.

DESCRIPTION :

Today EUR/USD has support and resistance at 1.3353 and 1.3443 and is accompanied by strong support at 1.3340 and by 1.3456 as strong
resistance.

If EUR/USD breaks out and closes below a 1.3331-level today, then this will indicate considerable bearish strength, while if EUR/USD manages to break out and close above a 1.3464-level, then this will denote high bullish strength. Alternatively, you can trade in a way to open a BUY position at the level of 1.3365, and at 1.3430– a SELL position, in this case both targets should be located at the level of 1.3398.