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FX.co ★ EUR/USD Technical Analysis. Support And Resistance Levels For January 18/2011

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Forex Analysis:::2011-01-18T09:48:59

EUR/USD Technical Analysis. Support And Resistance Levels For January 18/2011

EUR/USD Technical Analysis. Support And Resistance Levels For January 18/2011

TODAY TECHNICAL LEVEL :

Breakout Buy level : 1.3327.
Strong Resistance : 1.3320.
Original Resistance : 1.3307.
Inner Sell Area : 1.3294.
Target Inner Area : 1.3263.
Inner Buy Area : 1.3232.
Original Support : 1.3219.
Strong Support : 1.3206.
Breakout Sell level : 1.3198.

TODAY OUTLOOK :

Since the market opening in the early morning the EUR/USD has been trading in the ranging situation between 1.3250 and 1.3300; breakout of these two levels will give a significant potential for this pair today.

TODAY SUGGESTION :

BUY if this pair break out and close above 1.3300; set Take Profit at 1.3325 as the first target, and 1.3350 as the second target.

SELL if this pair break out and close below 1.3250; set Take Profit at 1.3200 as the first target, and 1.3175 as the second target.

Analyst InstaForex
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