|
EUR/USD Intraday Technical Levels for July 17, 2012
TODAY's TECHNICAL LEVELS:Breakout BUY Level: 1.2326. Strong Resistance: 1.2319. Original Resistance: 1.2307. Inner Sell Area: 1.2295. Target Inner Area: 1.2266. Inner Buy Area: 1.2237. Original Support: 1.2225. Strong Support: 1.2213. Breakout SELL Level: 1.2206.
DESCRIPTION:Today EUR/USD has support and resistance at 1.2225 and 1.2307 and is accompanied by strong support at 1.2213 and by 1.2319 as strong resistance. If EUR/USD breaks out and closes below a 1.2206-level today, then this will indicate considerable bearish strength, while if EUR/USD manages to break out and close above a 1.2326-level, then this will denote high bullish strength. Alternatively, you can trade in a way to open a BUY position at the level of 1.2237, and at 1.2295 – a SELL position, in this case both targets should be located at the level of 1.2266.
Best regards, Performed by Ариф Макмур, Analytical expert InstaForex Companies Group © 2007-2011 |
|
|
|
Analyst Portfolio
Types of Analysis:
Technical analysis
Experience: 8 years Analytical Credo: If not broke; don't fix it ! |



