EUR/USD Intraday Technical Levels for March 16, 2012

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TODAY's TECHNICAL LEVEL :

Breakout BUY Level : 1.3141.
Strong Resistance : 1.3133.
Original Resistance : 1.3120.
Inner Sell Area : 1.3107.
Target Inner Area : 1.3076.
Inner Buy Area : 1.3045.
Original Support : 1.3032.
Strong Support : 1.3019.
Breakout SELL Level : 1.3011.

DESCRIPTION :

Today the EUR/USD pair has support and resistance levels 1.3032 and 1.3120 and is accompanied by the strong support level (1.3019) and strong resistance level (1.3133).
If the EUR/USD pair breaks out and closes below the 1.3011 level today, then this will indicate considerable bearish strength, while if the EUR/USD pair is managed to break through and close above the 1.3141 level, then this will denote high bullish strength. Alternatively, it is possible to open BUY positions at the level 1.3045, and SELL-positions at the level 1.3107,provided that both targets are located at the 1.3076 level.