FX.co ★ EUR/USD Intraday Technical Levels for January 26, 2012

TODAY's TECHNICAL LEVELS:

Breakout BUY Level : 1.3159.

Strong Resistance : 1.3150.

Original Resistance : 1.3139.

Inner Sell Area : 1.3127.

Target Inner Area : 1.3096.

Inner Buy Area : 1.3065.

Original Support : 1.3053.

Strong Support : 1.3041.

Breakout SELL Level : 1.3033.

DESCRIPTION :

Today EUR/USD has support and resistance at 1.3053 and 1.3139 and is accompanied by powerful support at 1.3041 and by 1.3150 as a good resistance.

If EUR/USD breaks through and closes below a 1.3033-level today, then this will trigger considerable bearish strength, while if EUR/USD manages to break out and close above a 1.3159-level, then this will denote high bullish trend. Thus, you can trade in a way to open a BUY position at the level of 1.3065, and at 1.3127 – a SELL position, in this case both targets should be located at the level of 1.3096.