22.12.201108:30 Forex Analysis & Reviews: EUR/USD Intraday Technical Level For December 22nd / 2011

Long-term review

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TODAY TECHNICAL LEVEL :

Breakout BUY Level : 1.3102.

Strong Resistance : 1.3094.

Original Resistance : 1.3082.

Inner Sell Area : 1.3070.

Target Inner Area : 1.3039.

Inner Buy Area : 1.3008.

Original Support : 1.2996

Strong Support : 1.2983.

Breakout SELL Level : 1.2976.

DESCRIPTION :

Today EUR/USD has support and resistance at 1.2996 and 1.3082 is accompanied by a strong support at 1.2983 and 1.3094 for the strong resistance; If today the EUR/USD can break out and close below the 1.2976 level then this indicates considerable Bearish strength, while if the EUR/USD today can break out and close above the 1.3102 level then this indicates considerable Bullish strength. Alternatively you can trade in a way to open BUY position at the level of 1.3008 and 1.3070 for SELL position in which case both targets are located at the 1.3039 level.

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