FX.co ★ EUR/USD Technical Analysis. Support And Resistance Levels For January 06th/2011.

TODAY TECHNICAL LEVEL :

Breakout Buy level : 1.3208.
Strong Resistance : 1.3201.
Original Resistance : 1.3188.
Inner Sell Area : 1.3175.
Target Inner Area : 1.3143.
Inner Buy Area : 1.3112.
Original Support : 1.3100.
Strong Support : 1.3087.
Breakout Sell level : 1.3079.

TODAY OUTLOOK :

After strong Bearish movement yesterday, the EUR/USD is now in a ranging situation between the 1.3125 and the 1.3175 levels. If the EUR/USD can break out and close below the 1.3125 level it will denote that this pair will try to go down to 1.3100 as a first target and 1.3075 as a second target; on the other hand, if this pair can break out and close above the 1.3175 level, it will cause this pair to reach the 1.3200 level as a first target and 1.3225 as asecond target.

TODAY SUGGESTION :

BUY at 1.3204; set Take profit between 10 pips and 15 pips.

SELL at 1.3101; set Take profit between 10 pips and 15 pips.