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Negative sentiments on the market have increased after the statement of Alex Weber that suggested the ECB to extend emergency lending to the banks until to first quarter of 2011. As a result of the perception of that statement, the current financial crisis in the Eurozone will last much longer. Thus, the slowing world economy is weakening with a predicted decline in property sales in the US housing sector that is due today, with the lack of economic indicators supporting the United States, new data can show that the global economic situation is still gloomy, particularly in the Eurozone and the United States.
Here are the important intraday levels for this pair today:
Breakout Buy level : 1.2695.
Strong Resistance : 1.2687.
Original Resistance : 1.2675.
Inner Sell Area : 1.2663.
Target Inner Area : 1.2633.
Inner Buy Area : 1.2603.
Original Support : 1.2591.
Strong Support : 1.2579.
Breakout Sell level : 1.2571.
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