FX.co ★ EUR/USD Intraday Technical Levels for April 11, 2012

TODAY's TECHNICAL LEVEL :

Breakout BUY Level : 1.3135.

Strong Resistance : 1.3127.

Original Resistance : 1.3115.

Inner Sell Area : 1.3102.

Target Inner Area : 1.3071.

Inner Buy Area : 1.3039.

Original Support : 1.3027.

Strong Support : 1.3014.

Breakout SELL Level : 1.3006.

DESCRIPTION :

Today the EUR/USD pair has support and resistance at 1.3027 and 1.3115 respectively and is accompanied by strong support 1.3014 and 1.3127 resistance levels.

If the EUR/USD pair breaks through and closes below a 1.3006 level today, then this will indicate considerable bearish strength, while if the pair manages to break through and close above a 1.3135 level, then this will denote high bullish strength. Alternatively, it is possible to open BUY position at the level 1.3039 and SELL position at 1.3102, provided that both targets are located at the level 1.3071.

Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group