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Monday, March 12, 2012

EUR/USD Intraday Technical Levels for March 12, 2012

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TODAY's TECHNICAL LEVEL :

Breakout BUY Level : 1.3184.
Strong Resistance : 1.3176.
Original Resistance : 1.3165.
Inner Sell Area : 1.3152.
Target Inner Area : 1.3121.
Inner Buy Area : 1.3088.
Original Support : 1.3077.
Strong Support : 1.3064.
Breakout SELL Level : 1.3056.

DESCRIPTION :

Today the EUR/USD pair has support and resistance levels in the points 1.3077 and 1.3165 and is accompanied by the strong support and resistance levels seen at 1.3064 and 1.3176.
If the EUR/USD pair breaks through and closes below the1.3056 level today, then this will be considered as a sing of considerable bearish strength, while in case the EUR/USD pair manages to break out and close above the 1.3184 level, this will indicated the high bullish strength. Alternatively, it is possible to open the BUY-positions at the1.3088 level; for SELL-positions it is possible to use the1.3152 level, provided that both targets are located at the level 1.3121.
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