FX.co ★ EUR/USD Intraday Technical Levels for January 19, 2012

TODAY's TECHNICAL LEVELS:

Breakout BUY Level : 1.2915.

Strong Resistance : 1.2906.

Original Resistance : 1.2895.

Inner Sell Area : 1.2882.

Target Inner Area : 1.2852.

Inner Buy Area : 1.2821.

Original Support : 1.2809.

Strong Support : 1.2796.

Breakout SELL Level : 1.2789.

DESCRIPTION :

Today EUR/USD has support and resistance at 1.2809 and 1.2895 and is accompanied by strong support at 1.2796 and by 1.2906 as strong resistance.

If EUR/USD breaks out and closes below a 1.2789-level today, then this will indicate considerable bearish strength, while if EUR/USD manages to break out and close above a 1.2915-level, then this will denote high bullish strength. Alternatively, you can trade in a way to open a BUY position at the level of 1.2821, and at 1.2882 – a SELL position, in this case both targets should be located at the level of 1.2852.