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Here is an important trading level area for this pair today:
Breakout Buy level : 1.2824.
Strong Resistance : 1.2816.
Original Resistance : 1.2804.
Inner Sell Area : 1.2791.
Target Inner Area : 1.2760.
Inner Buy Area : 1.2730.
Original Support : 1.2718.
Strong Support : 1.2705.
Breakout Sell level : 1.2698.
Market Outlook:
In Asian trading session today, seen through the strengthening of the Euro currency against the U.S. Dollar Pair; EUR/USD is currently engaged in the range of 1.2784. It is just according to some analysts predicted the euro, will be under pressure if it passed $1.2760 level. Anyway, there are fresh winds from the IMF which will give the second injection of liquidity to Greece amounted to 2.57 billion euro as the economic rescue package. This payment is the part of the plan of injecting liquidity amounting to 110 billion euro (U.S. $140 billion) from the IMF and the European Union to help European countries to overcome the devastating debt crisis and make the European financial sector fragile. 110 billion euro of funds planned to be soluble, the Greeks will get 30 billion euro or U.S. $38 billion. These injections have been approved after the Greek plan to cut budget expenditures.
