EUR/USD Intraday Technical Levels for June 15, 2012
TODAY's TECHNICAL LEVELS:
Breakout BUY Level: 1.2685.
Strong Resistance: 1.2678.
Original Resistance: 1.2666.
Inner Sell Area: 1.2654.
Target Inner Area: 1.2624.
Inner Buy Area: 1.2594.
Original Support: 1.2582.
Strong Support: 1.2570.
Breakout SELL Level: 1.2562.
Today EUR/USD has support and resistance at 1.2582 and 1.2666 and is accompanied by strong support at 1.2570 and by 1.2678 as strong resistance.
If EUR/USD breaks out and closes below a 1.2562-level today, then this will indicate considerable bearish strength, while if EUR/USD manages to break out and close above a 1.2685-level, then this will denote high bullish strength. Alternatively, you can trade in a way to open a BUY position at the level of 1.2594, and at 1.2654– a SELL position, in this case both targets should be located at the level of 1.2624.
Performed by Ариф Макмур, Analytical expert
InstaForex Companies Group © 2007-2011
Types of Analysis: Technical analysis
Experience: 8 years
Analytical Credo: If not broke; don't fix it !