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FX.co ★ EUR/USD Technical Analysis. Support and Resistance Levels For December 09, 2010

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Forex Analysis:::2010-12-09T09:29:38

EUR/USD Technical Analysis. Support and Resistance Levels For December 09, 2010

EUR/USD Technical Analysis. Support and Resistance Levels For December 09, 2010


Today Technical Level:

Breakout Buy level : 1.3327.
Strong Resistance : 1.3319.
Original Resistance : 1.3327.
Inner Sell Area : 1.3293.
Target Inner Area : 1.3262.
Inner Buy Area : 1.3231.
Original Support : 1.3218.
Strong Support : 1.3205.
Breakout Sell level : 1.3197.

Today Outlook :

The EUR/USD is now trading in the range between 1.3325 and 1.3275 levels. It seems the breakout and closing above the 1.3325 level will allow the pair to grow to the level of 1.3350 as a first target and to the level of 1.3375 as second target before this pair reaches 1.3400. On the other hand, if this pair can break down and close below the level of 1.3275, then the EUR/USD will probably decline to 1.3250 as a first target and to 1.3225 as second target before it goes to the mark of 1.3200.

Analyst InstaForex
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