Main Quotes Calendar Forum
flag

FX.co ★ EUR/USD Technical Analysis. Support And Resistance Levels For March 08/2011

parent
Forex Analysis:::2011-03-08T09:22:50

EUR/USD Technical Analysis. Support And Resistance Levels For March 08/2011

EUR/USD Technical Analysis. Support And Resistance Levels For March 08/2011

TODAY TECHNICAL LEVEL :

Breakout Buy level : 1.4034.
Strong Resistance : 1.4026.
Original Resistance : 1.4012.
Inner Sell Area : 1.3998.
Target Inner Area : 1.3965.
Inner Buy Area : 1.3932.
Original Support : 1.3918.
Strong Support : 1.3904.
Breakout Sell level : 1.3896.

TODAY OUTLOOK :

The pair still looks trapped in a ranging situation between the 1.3950 and the 1.4025 levels. Now the pair wants to test the next Resistance at the 1.4000 level. Please pay attention for the critical level for today at 1.3998, if this level can be broken by this pair today, it seems the EUR/USD will advance the upside movement. On the other hands, if the EUR/USD can break out and close below the 1.3950 level, its upside movement will be held today.

TODAY SUGGESTION :

BUY if this pair can break out and close above 1.4000, set Take profit at 1.4025 as the first target and 1.4050 as the second target.

SELL if this pair can break out and close below 1.3950, set Take profit at 1.3925 as the first target and 1.3900 as the second target.

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...