FX.co ★ EUR/USD Technical Analysis. Support And Resistance Levels For December 02, 2010

TODAY TECHNICAL LEVEL :

Breakout Buy level : 1.3309.
Strong Resistance : 1.3302.
Original Resistance : 1.3289.
Inner Sell Area : 1.3276.
Target Inner Area : 1.3245.
Inner Buy Area : 1.3213.
Original Support : 1.3201.
Strong Support : 1.3188.
Breakout Sell level : 1.3180

TODAY OUTLOOK :

The EUR/USD by now has already been trading between 1.3225 and 1.3250. If it can break out and close below the 1.3225 level, it will cause this currency to go down to the mark 1.3200; if today the downtrend momentum is strong enough the 1.3175 level possibly will be reached by this pair. However if the 1.3250 level is broken, this will enable this pair to go up to 1.3275, and if the upside momentum is strong enouh for today, the 1.3300 level will possibly be reached today.

TODAY SUGGESTION :

BUY at 1.3273 and set TakeProfit between 10 pips to 20 pips.

SELL at 1.3171 and set TakeProfit between 10 pips to 20 pips.