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13.03.201210:10 Forex Analysis & Reviews: EUR/USD Intraday Technical Levels for March 13, 2012

Long-term review

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TODAY's TECHNICAL LEVEL :

Breakout BUY Level : 1.3233.

Strong Resistance : 1.3225.

Original Resistance : 1.3212.

Inner Sell Area : 1.3199.

Target Inner Area : 1.3168.

Inner Buy Area : 1.3137.

Original Support : 1.3124.

Strong Support : 1.3111.

Breakout SELL Level : 1.3103.

DESCRIPTION :

Today the EUR/USD pair has support and resistance levels at 1.3124 and 1.3212 and is accompanied by strong support (1.3111) and resistance (1.3225).

If the EUR/USD pair breaks out and closes below the 1.3103 level today, this will indicate considerable bearish strength. Meahwhile, if the EUR/USD pair manages to break out and close above the 1.3233 level, this will denote high bullish strength. Alternatively, it is possible to open BUY positions at the 1.3137level and SELL positions at level1.3199 provided that both targets are located at the level 1.3168.

Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group

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