EUR/USD Intraday Technical Levels for June 20, 2012
TODAY's TECHNICAL LEVELS:
Breakout BUY Level: 1.2741.
Strong Resistance: 1.2733.
Original Resistance: 1.2721.
Inner Sell Area: 1.2709.
Target Inner Area: 1.2679.
Inner Buy Area: 1.2649.
Original Support: 1.2637.
Strong Support: 1.2625.
Breakout SELL Level: 1.2617.
Today EUR/USD has support and resistance at 1.2637 and 1.2721 and is accompanied by strong support at 1.2625 and by 1.2733 as strong resistance.
If EUR/USD breaks out and closes below a 1.2617-level today, then this will indicate considerable bearish strength, while if EUR/USD manages to break out and close above a 1.2741-level, then this will denote high bullish strength. Alternatively, you can trade in a way to open a BUY position at the level of 1.2649, and at 1.2709 – a SELL position, in this case both targets should be located at the level of 1.2679.
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 !