EUR/USD Intraday Technical Levels for February 15, 2012

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TODAY's  TECHNICAL  LEVEL :

Breakout BUY Level : 1.3186.
Strong Resistance : 1.3178.
Original Resistance : 1.3166.
Inner Sell Area : 1.3153.
Target Inner Area : 1.3121.
Inner Buy Area : 1.3090.
Original Support : 1.3078.
Strong Support : 1.3065.
Breakout SELL Level : 1.3057.

DESCRIPTION :

Today EUR/USD has support and resistance at 1.3078 and 1.3166 and is accompanied by strong support at 1.3065 and by 1.3178 as strong resistance.

If EUR/USD breaks out and closes below a 1.3057-level today, then this will indicate considerable bearish strength, while if EUR/USD manages to break out and close above a 1.3186-level, then this will denote high bullish strength. Alternatively, you can trade in a way to open a BUY position at the level of 1.3090, and at 1.3153– a SELL position, in this case both targets should be located at the level of 1.3121.