empty
 
 
08.05.2012 09:54 AM
EUR/USD Intraday Technical Levels for May 08, 2012

This image is no longer relevant

TODAY's   TECHNICAL   LEVEL   :

Breakout BUY Level : 1.3123.

Strong Resistance : 1.3115.

Original Resistance : 1.3102.

Inner Sell Area : 1.3089.

Target Inner Area : 1.3058.

Inner Buy Area : 1.3027.

Original Support : 1.3014.

Strong Support : 1.3001.

Breakout SELL Level : 1.2993.

 

DESCRIPTION :

Today the EUR/USD pair has supports and resistances at 1.3014 and 1.3102 respectively and is accompanied by the strong support 1.3001 and resistance 1.3115 levels.  

If the EUR/USD pair breaks through and closes below 1.2993 level today, then this will indicate considerable bearish strength. In case the EUR/USD pair breaks through and closes above the 1.3123 level, then this will denote high bullish strength. It is possible to open BUY positions at the level of 1.3027 and  SELL-positions at 1.3089, provided that both targets are located at the level of 1.3058.

 

 

Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
http://instaforex.com
Yahoo Messenger & Skype : Arief.ifx_jakarta
Gtalk : Arief.ifx.jakarta

Summary
Urgency
Analytic
Arief Makmur
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In June we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback