EUR/USD Intraday Technical Levels for June 29, 2012

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TODAY's  TECHNICAL  LEVELS:

Breakout BUY Level: 1.2500.

Strong Resistance: 1.2492.

Original Resistance: 1.2481.

Inner Sell Area: 1.2469.

Target Inner Area: 1.2441.

Inner Buy Area: 1.2412.

Original Support: 1.2400.

Strong Support: 1.2388.

Breakout SELL Level: 1.2381.

 

DESCRIPTION:

Today EUR/USD has support and resistance at 1.2400 and 1.2481 and is accompanied by strong support at 1.2388 and by 1.2492 as strong resistance.

If EUR/USD breaks out and closes below a 1.2381-level today, then this will indicate considerable bearish strength, while if EUR/USD manages to break out and close above a 1.2500-level, then this will denote high bullish strength. Alternatively, you can trade in a way to open a BUY position at the level of 1.2412, and at 1.2469 – a SELL position, in this case both targets should be located at the level of 1.2441.

 

Best regards,

Arief Makmur is taking part in the "Analyst of the Year" award organized by MT5.com portal. If you like his article, please vote for him.

Performed by Analytical expert: Arief Makmur
InstaForex Group © 2007-2013

 Published: 2012-06-29 05:21:25 UTC+00 10 months, 3 weeks, 1 day, 11 hours, 23 min. ago

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