EUR/USD Intraday Technical Levels for May 11, 2012

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TODAY's TECHNICAL LEVEL :

Breakout BUY Level : 1.2995.
Strong Resistance : 1.2987.
Original Resistance : 1.2975.
Inner Sell Area : 1.2963.
Target Inner Area : 1.2932.
Inner Buy Area : 1.2901.
Original Support : 1.2889.
Strong Support : 1.2877.
Breakout SELL Level : 1.2871.

DESCRIPTION :

Today the EUR/USD pair has support and resistance levels at 1.2889 and 1.2975 and is accompanied by the strong support 1.2877 and resistance 1.2987 levels.
If the EUR/USD pair breaks through and closes below a 1.2871 level today, then this will indicate considerable bearish strength. In case the EUR/USD pair is able to break through and close above a 1.2995 level, then this will denote high bullish strength. It is possible to trade othewise by opening BUY positions at the level of 1.2901 and SELL positions at 1.2963, provided that both targets should are located at the level of 1.2932.