FX.co ★ EUR/USD Technical Analysis. Support And Resistance Levels For February 25th/2011

TODAY TECHNICAL LEVEL :

Breakout Buy level : 1.3877.
Strong Resistance : 1.3869.
Original Resistance : 1.3856.
Inner Sell Area : 1.3842.
Target Inner Area : 1.3810.
Inner Buy Area : 1.3777.
Original Support : 1.3764.
Strong Support : 1.3751.
Breakout Sell level : 1.3742.

TODAY OUTLOOK :

The EUR/USD is still in the uptrend; at the moment in order to stop the Bullish movement this pair must go down, break and close below 1.3705. It seems that the pair wants to re-test the 1.3800 level today. Please pay attention to the 1.3839 level area, because breakout of this level will lead to an advance of the Bullish movement.

TODAY SUGGESTION :

BUY if this pair can break out and close above 1.3839, set Take profit at 1.3850 as the first target and 1.3875 as the second target.

SELL if this pair can break out and close below 1.3800, set Take profit at 1.3775 as the first target and 1.3750 as the second target.