FX.co ★ EUR/USD Intraday Technical Levels for March 8, 2012

TODAY's TECHNICAL LEVEL :

Breakout BUY Level : 1.3205.

Strong Resistance : 1.3197.

Original Resistance : 1.3185.

Inner Sell Area : 1.3172.

Target Inner Area : 1.3141.

Inner Buy Area : 1.3110.

Original Support : 1.3097.

Strong Support : 1.3084.

Breakout SELL Level : 1.3077.

DESCRIPTION :

Today the EUR/USD pair has support and resistance at 1.3097 and 1.3185 levels and is accompanied by the strong support and resistance levels seen at 1.3084 and 1.3197.

If EUR/USD pair passes through and closes below the 1.3077 level today, the sing of bearish movement will be provided. If the EUR/USD pair is managed to break out and close above a 1.3205-level, this can be considered as a sign of bullish strength. Alternatively, it is possible to open BUY positions at the level 1.3110; for SELL-positions - the level 1.3172– a SELL, provided that both targets are located at the level 1.3141.

Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group