EUR/USD Intraday Technical Levels for March 29, 2012

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.

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.

29 March 2012 Daily Forecast

EUR/USD
Trading range: 1.3355 - 1.3255
Trend: Downward
Sell at 1.3344 SL 1.3376 TP 1.3267

USD/JPY
Trading range: 82.85 - 81.95
Trend: Downward
Sell at 82.73 SL 83.05 TP 82.01

GBP/USD
Trading range: 1.5935 - 1.5825
Trend: Downward
Sell at 1.5925 SL 1.5957 TP 1.5837

USD/CHF
Trading range: 0.9020 - 0.9130
Trend: Upward
Buy at 0.9033 SL 0.9001 TP 0.9117


Today's Economic Calendar:
Time GMT, Country, Indicator, Forecast, Prior

06:00 UK Nationwide house price index March 0.4% 0.6%
06:00 UK Nationwide house price index March Y/Y 0.7% 0.9%
07:55 Germany Unemployment March seasonally adjusted -10K 0K
07:55 Germany Unemployment March seasonally adjusted, mln - 2.866
07:55 Germany Unemployment rate March seasonally adjusted 6.8% 6.8%
07:55 Germany Unemployment March seasonally unadjusted, mln - 3.110
07:55 Germany Unemployment rate March seasonally unadjusted - 7.4%
08:30 UK M4 money supply February final - 1.6%
08:30 UK M4 money supply February final Y/Y - -1.8%
08:30 UK Consumer credit February, bln 0.2 0.1
09:00 EU17 Economic sentiment index March 94.5 94.4
09:00 EU17 Business climate indicator March -0.15 -0.18
12:30 USA Jobless claims week to 24.03 - 348K
12:30 USA GDP Q4 final Y/Y 3.0% 3.0%
12:30 USA PCE price index Q4 final - 1.2%
12:30 USA PCE price index ex food, energy Q4 final - 1.3%
20:30 USA M2 money supply 19.03, bln - +12.0
23:01 UK Gfk consumer confidence March -29 -29
23:30 Japan Nationwide CPI February adjusted - 0.2%
23:30 Japan Nationwide CPI February Y/Y - 0.1%
23:30 Japan Nationwide CPI ex fresh food February Y/Y -0.1% -0.1%
23:30 Japan Tokyo-area CPI March adjusted - 0.0%
23:30 Japan Tokyo-area CPI March Y/Y - -0.2%
23:30 Japan Tokyo-area CPI ex fresh food March Y/Y -0.3% -0.3%
23:30 Japan Unemployment February 4.6% 4.6%
23:30 Japan Household spending February real Y/Y -0.5% -2.3%
23:50 Japan Industrial output February preliminary 1.3% 2.0%
23:50 Japan Industrial output February preliminary Y/Y 3.7% -1.2%