FX.co ★ EUR/USD Intraday Technical Levels for January 24, 2012

TODAY's TECHNICAL LEVELS:

Breakout BUY Level : 1.3083.

Strong Resistance : 1.3075.

Original Resistance : 1.3064.

Inner Sell Area : 1.3051.

Target Inner Area : 1.3021.

Inner Buy Area : 1.2990.

Original Support : 1.2978.

Strong Support : 1.2965.

Breakout SELL Level : 1.2958.

DESCRIPTION :

Today EUR/USD has support and resistance at 1.2978 and 1.3064, and is accompanied by strong support at 1.2965 and by 1.3075 as strong resistance.

If EUR/USD breaks out and closes below a 1.2958-level today, then this will indicate considerable bearish strength, while if EUR/USD manages to break out and close above a 1.3083-level, then this will denote high bullish strength. Alternatively, you can trade in a way to open a BUY position at the level of 1.2990, and at 1.3051– a SELL position, in this case both targets should be located at the level of 1.3021.