EUR/USD Intraday Technical Levels for Jully 11, 2012
TODAY's TECHNICAL LEVELS:
Breakout BUY Level: 1.2315.
Strong Resistance : 1.2308.
Original Resistance: 1.2296.
Inner Sell Area: 1.2285.
Target Inner Area: 1.2255.
Inner Buy Area: 1.2226.
Original Support: 1.2214.
Strong Support: 1.2202.
Breakout SELL Level: 1.2196.
Presently, EUR/USD support and resistance are at 1.2214 and 1.2308, being accompanied by strong support at 1.2202 and by 1.2308 as strong resistance.
If EUR/USD breaks out and closes below a 1.2196-level today, then this will indicate considerable bearish strength, while if EUR/USD manages to break out and close above a 1.2315-level, then this will denote high bullish strength. Alternatively, you can trade in a way to open a BUY position at the level of 1.2226, and at 1.2285 – a SELL position, in this case both targets should be located at the level of 1.2255.
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 !