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FX.co ★ EUR/USD Technical Analysis. Support And Resistance Levels For December 17, 2010

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Forex Analysis:::2010-12-17T09:46:16

EUR/USD Technical Analysis. Support And Resistance Levels For December 17, 2010

EUR/USD Technical Analysis. Support And Resistance Levels For December 17, 2010

TODAY TECHNICAL LEVEL :

Breakout Buy level : 1.3294.
Strong Resistance : 1.3286.
Original Resistance : 1.3273.
Inner Sell Area : 1.3260.
Target Inner Area : 1.3229.
Inner Buy Area : 1.3198.
Original Support : 1.3185.
Strong Support : 1.3172.
Breakout Sell level : 1.3164.

TODAY OUTLOOK :

The mark 1.3200 served as a strong support level for this pair for several days. If the pair breaks out and closes above1.3250, then the mark of 1.3275 will be a first target for this pair and the 1.3300 will be a second target. However, if this pair manages to breakout and close below the mark 1.3200, the pair will probably go up to 1.3175 as a first target and to 1.3150 as a second target.

TODAY SUGGESTION :

BUY at 1.3298; Take profit at 1.3308 or 1.3318

SELL at 1.3191; Take Profit at 1.3181 or 1.3171

Analyst InstaForex
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