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Monday, March 5, 2012

EUR/USD Intraday Technical Levels for March 5, 2012


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TODAY's  TECHNICAL  LEVEL :

Breakout BUY Level : 1.3267.
Strong Resistance : 1.3259.
Original Resistance : 1.3247.
Inner Sell Area : 1.3234.
Target Inner Area : 1.3203.
Inner Buy Area : 1.3171.
Original Support : 1.3159.
Strong Support : 1.3146.
Breakout SELL Level : 1.3138.

DESCRIPTION :

Today the EUR/USD pair considers the points1.3159 and 1.3247 as support and resistance levels with the strong support at 1.3146 level and 1.3259 seen as the strong resistance level.
If the EUR/USD pair breaks out and closes below the level 1.3138l today, the signal of bearish trend will be provided; if the EUR/USD pair manages to break out and close above the 1.3267 level - the strong bullish trend will be indicated. Alternatively, you can make BUY-deals at the 1.3171 level and SELL-deals at the 1.3234 level giving that both targets are located at the 1.3203level.

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