EUR/USD Intraday Technical Levels for March 29, 2012

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TODAY's TECHNICAL LEVELS:

Breakout BUY Level : 1.3389.
Strong Resistance : 1.3381.
Original Resistance : 1.3368.
Inner Sell Area : 1.3355.
Target Inner Area : 1.3324
Inner Buy Area : 1.3293.
Original Support : 1.3280.
Strong Support : 1.3267.
Breakout SELL Level : 1.3259.

DESCRIPTION :

Today EUR/USD has support and resistance at 1.3280 and 1.3368 and is accompanied by strong support at 1.3267 and by 1.3381 as strong resistance.
If EUR/USD breaks out and closes below a 1.3259-level today, then this will indicate considerable bearish strength, while if EUR/USD manages to break out and close above a 1.3389-level, then this will denote high bullish strength. Alternatively, you can trade in a way to open a BUY position at the level of 1.3293, and at 1.3355– a SELL position, in this case both targets should be located at the level of 1.3324.