FX.co ★ EUR/USD Intraday Technical Levels for April 03, 2012

TODAY's TECHNICAL LEVELS:

Breakout BUY Level : 1.3395.

Strong Resistance : 1.3387.

Original Resistance : 1.3374.

Inner Sell Area : 1.3361.

Target Inner Area : 1.3330.

Inner Buy Area : 1.3299.

Original Support : 1.3286.

Strong Support : 1.3273.

Breakout SELL Level : 1.3265.

DESCRIPTION :

Today EUR/USD has support and resistance at 1.3286 and 1.3374 and is accompanied by strong support at 1.3273 and by 1.3387 as strong resistance.

If EUR/USD breaks out and closes below a 1.3265-level today, then this will indicate considerable bearish strength, while if EUR/USD manages to break out and close above a 1.3395-level, then this will denote high bullish strength. Alternatively, you can trade in a way to open a BUY position at the level of 1.3299, and at 1.3361– a SELL position, in this case both targets should be located at the level of 1.3330.

Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group