EUR/USD Intraday Technical Levels for June 28, 2012

	Symbol	Bid	Ask
	EURUSD	1.2837	1.284
	GBPUSD	1.5167	1.517
	USDJPY	103.23	103.26
	USDCHF	0.9725	0.9728
	USDCAD	1.0279	1.0282
	EURJPY	132.5	132.53
	EURCHF	1.2481	1.2486
	GBPJPY	156.5	156.57
	GBPCHF	1.4749	1.4756
	GOLD	1359.37	1359.97
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	EUR/USD Intraday Technical Levels for June 28, 2012 ^2012-06-28

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TODAY's TECHNICAL LEVELS:

Breakout BUY Level: 1.2531.

Strong Resistance: 1.2524.

Original Resistance: 1.2512.

Inner Sell Area: 1.2500.

Target Inner Area: 1.2470.

Inner Buy Area: 1.2440.

Original Support: 1.2428.

Strong Support: 1.2416.

Breakout SELL Level: 1.2409.

DESCRIPTION:

Today EUR/USD has support and resistance at 1.2428 and 1.2512 and is accompanied by strong support at 1.2416 and by 1.2524 as strong resistance.

If EUR/USD breaks out and closes below a 1.2409-level today, then this will indicate considerable bearish strength, while if EUR/USD manages to break out and close above a 1.2531-level, then this will denote high bullish strength. Alternatively, you can trade in a way to open a BUY position at the level of 1.2440, and at 1.2500– a SELL position, in this case both targets should be located at the level of 1.2470.

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.