EUR/USD Intraday Technical Levels for March 14, 2012

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TODAY's TECHNICAL LEVELS:

Breakout BUY Level : 1.3143.
Strong Resistance : 1.3135.
Original Resistance : 1.3123.
Inner Sell Area : 1.3110.
Target Inner Area : 1.3079.
Inner Buy Area : 1.3048.
Original Support : 1.3035.
Strong Support : 1.3023.
Breakout SELL Level : 1.3015.

DESCRIPTION :

Today EUR/USD has support and resistance at 1.3035 and 1.3123 and is accompanied by strong support at 1.3023 and by 1.3135 as strong resistance.
If EUR/USD breaks out and closes below a 1.3015-level today, then this will indicate considerable bearish strength, while if EUR/USD manages to break out and close above a 1.3143-level, then this will denote high bullish strength. Alternatively, you can trade in a way to open a BUY position at the level of 1.3048, and at 1.3110 – a SELL position, in this case both targets should be located at the level of 1.3079.