EUR/USD intraday technical levels for March 21, 2013

TODAY’s TECHNICAL LEVELS:

Breakout buy level: 1.3000.
Strong resistance: 1.2993.
Original resistance: 1.2980.
Inner sell area: 1.2967.
Target inner area: 1.2937.
Inner buy area: 1.2907.
Original support: 1.2894.
Strong support: 1.2881.
Breakout sell level: 1.2874.

DESCRIPTION:

Today EUR/USD has support and resistance at 1.2894 and 1.2980. The rate is accompanied by strong support at 1.2881 and by 1.2993 as strong resistance. If EUR/USD breaks out and closes below the 1.2874 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and close above the 1.3000 level, then it will denote high bullish strength. Alternatively, for advance traders, you can trade in a way to open a buy position at the level of 1.2907 and at 1.2967, a sell position. In this case, both targets should be located at the level of 1.2937.

EUR/USD intraday technical levels for March 21, 2013

TODAY's TECHNICAL LEVELS: 

Breakout buy level: 1.3000. 
Strong resistance: 1.2993. 
Original resistance: 1.2980. 
Inner sell area: 1.2967. 
Target inner area: 1.2937. 
Inner buy area: 1.2907. 
Original support: 1.2894. 
Strong support: 1.2881. 
Breakout sell level: 1.2874. 

DESCRIPTION: 

Today EUR/USD has support and resistance at 1.2894 and 1.2980. The rate is accompanied by strong support at 1.2881 and by 1.2993 as strong resistance. If EUR/USD breaks out and closes below the 1.2874 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and close above the 1.3000 level, then it will denote high bullish strength. Alternatively, for advance traders, you can trade in a way to open a buy position at the level of 1.2907 and at 1.2967, a sell position. In this case, both targets should be located at the level of 1.2937.

Read more: http://www.mt5.com/forex_analysis/quickview/27986-eurusd_intraday_technical_levels_for_march_21_2013

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