FX.co ★ EUR/USD Intraday Technical Levels for March 9, 2012

TODAY's TECHNICAL LEVELS:

Breakout BUY Level : 1.3327.

Strong Resistance : 1.3319.

Original Resistance : 1.3307.

Inner Sell Area : 1.3294.

Target Inner Area : 1.3263.

Inner Buy Area : 1.3231.

Original Support : 1.3219.

Strong Support : 1.3206.

Breakout SELL Level : 1.3198.

DESCRIPTION :

Today EUR/USD has support and resistance at 1.3219 and 1.3307 and is accompanied by strong support at 1.3206 and by 1.3319 as strong resistance.

If EUR/USD breaks out and closes below a 1.3198-level today, then this will indicate considerable bearish strength, while if EUR/USD manages to break out and close above a 1.3327-level, then this will denote high bullish strength. Alternatively, you can trade in a way to open a BUY position at the level of 1.3231, and at 1.3294 – a SELL position, in this case both targets should be located at the level of 1.3263.

Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group