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FX.co ★ EUR/USD Technical Analysis. Support and Resistance Levels For November 30, 2010

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Forex Analysis:::2010-11-30T09:35:45

EUR/USD Technical Analysis. Support and Resistance Levels For November 30, 2010

EUR/USD Technical Analysis. Support and Resistance Levels For November 30, 2010


Today Technical Level :

Breakout Buy level : 1.3180.
Strong Resistance : 1.3172.
Original Resistance : 1.3160.
Inner Sell Area : 1.3147.
Target Inner Area : 1.3116.
Inner Buy Area : 1.3084.
Original Support : 1.3072.
Strong Support : 1.3059.
Breakout Sell level : 1.3051.

Today Outlook :

The EUR/USD is still moving in the downtrend. It seems the situation between North and South Korea worsens; one of the reason is the USA will take a joint training task force with the South Korean troop. Nevertheless, the EUR/USD is still traded within the range between 1.3125 and 1.3075. In case today the EUR/USD can strengthen above the mark 1.3125; there is a possibility that this pair will move to the level of 1.3150 and/or to 1.3180. However, if today the EUR/USD can break down the level of 1.3062 and especially the Breakout Sell level at 1.3051, then this will be a clear signal for this pair today.

Analyst InstaForex
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