EUR/USD Intraday Technical Levels for March 15, 2012

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TODAY's TECHNICAL LEVELS:

Breakout BUY Level : 1.3082.
Strong Resistance : 1.3074.
Original Resistance : 1.3062.
Inner Sell Area : 1.3050.
Target Inner Area : 1.3019.
Inner Buy Area : 1.2987.
Original Support : 1.2976.
Strong Support : 1.2963.
Breakout SELL Level : 1.2955.

DESCRIPTION :

Today EUR/USD has support and resistance at 1.2976 and 1.3062 and is accompanied by strong support at 1.2963 and by 1.3074 as strong resistance.
If EUR/USD breaks out and closes below a 1.2955-level today, then this will indicate considerable bearish strength, while if EUR/USD manages to break out and close above a 1.3082-level, then this will show considerable bullish strength. Still, you can trade in a way to open a BUY position at the level of 1.2987, and at 1.3050– a SELL position, in this case both targets should be located at the level of 1.3019.