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10.02.201209:25 Forex Analysis & Reviews: EUR/USD Intraday Technical Levels for February 10, 2012 EUR/USD Intraday Technical Levels for February 10, 2012

Long-term review

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TODAY's TECHNICAL LEVEL :

Breakout BUY Level : 1.3349.

Strong Resistance : 1.3340.

Original Resistance : 1.3330.

Inner Sell Area : 1.3319.

Target Inner Area : 1.3286.

Inner Buy Area : 1.3254.

Original Support : 1.3243.

Strong Support : 1.3232.

Breakout SELL Level : 1.3224.

DESCRIPTION :

Today EUR/USD has support and resistance at 1.3243 and 1.3330 and is accompanied by strong support at 1.3232 and by 1.3340 as strong resistance.

If EUR/USD breaks out and closes below a 1.3224-level today, then this will indicate considerable bearish strength, while if EUR/USD manages to break out and close above a 1.3349-level, then this will denote high bullish strength. Alternatively, you can trade in a way to open a BUY position at the level of 1.3254, and at 1.3319– a SELL position, in this case both targets should be located at the level of 1.3286.

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