FX.co ★ EUR/USD Intraday Technical Levels for April 19, 2012

TODAY's TECHNICAL LEVELS:

Breakout BUY Level : 1.3181.

Strong Resistance : 1.3173.

Original Resistance : 1.3160.

Inner Sell Area : 1.3147.

Target Inner Area : 1.3116.

Inner Buy Area : 1.3085.

Original Support : 1.3072.

Strong Support : 1.3059.

Breakout SELL Level : 1.3051.

DESCRIPTION :

Today EUR/USD has support and resistance at 1.3072 and 1.3160 and is accompanied by strong support at 1.3059 and by 1.3173 as strong resistance.

If EUR/USD breaks out and closes below a 1.3051-level today, then this will indicate considerable bearish strength, while if EUR/USD manages to break out and close above a 1.3181-level, then this will denote high bullish strength. Alternatively, you can trade in a way to open a BUY position at the level of 1.3085, and at 1.3147– a SELL position, in this case both targets should be located at the level of 1.3116.