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FX.co ★ EUR/USD Technical Analysis. Support And Resistance Levels For December 22, 2010

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Forex Analysis:::2010-12-22T08:59:38

EUR/USD Technical Analysis. Support And Resistance Levels For December 22, 2010

EUR/USD Technical Analysis. Support And Resistance Levels For December 22, 2010

TODAY TECHNICAL LEVEL :

Breakout Buy level : 1.3189.
Strong Resistance : 1.3180.
Original Resistance : 1.3168.
Inner Sell Area : 1.3155.
Target Inner Area : 1.3124.
Inner Buy Area : 1.3093.
Original Support : 1.3080.
Strong Support : 1.3067.
Breakout Sell level : 1.3059.

TODAY OUTLOOK :

Today, after the EUR/USD reached the Fibonacci Resistance 50% at 1.3136, it seems this pair is going downside again. However, if today this pair can break out and close below the 1.3125 level, then the EUR/USD will be going down again to 1.3100 as a first target and to 1.3075 as a second target. On the other hand, if this pair breaks through and closes above the 1.3150 level, then the EUR/USD will go upside again to 1.3175 as a first target and to 1.3200 as a second target.

TODAY SUGGESTION FOR THE EUR/USD :

BUY at 1.3150 set Take-profit from 10 pips to 20 pips.

SELL at 1.3046; set Take-profit from 10 pips to 20 pips.

Analyst InstaForex
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