Here is an important trading level area for this pair today:
Breakout Buy level : 1.2921.
Strong Resistance : 1.2913.
Original Resistance : 1.2901.
Inner Sell Area : 1.2889.
Target Inner Area : 1.2857.
Inner Buy Area : 1.2827.
Original Support : 1.2815.
Strong Support : 1.2803.
Breakout Sell level : 1.2795.
Market Outlook:
Strengthening of the European currency against the U.S. Dollar, among others, caused by the news on production from China grew by 13.9% which is the highest increase since May 2010. Other positive news that helped to push up the euro is the policy of speculation will be released by the Basel Committee for banking supervision contributed to the strengthening of the euro against the U.S. Dollar. Today the Euro is likely to be located in range between 1.2800 to 1.2880, and there is probability next week this currency will try to catch 1.2960 level .
