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  Symbol Bid Ask
EURUSD 1.2853 1.2856
GBPUSD 1.52 1.5203
USDJPY 102.63 102.66
USDCHF 0.969 0.9693
USDCAD 1.0279 1.0282
EURJPY 131.91 131.94
EURCHF 1.2455 1.2458
GBPJPY 155.95 156.02
GBPCHF 1.4728 1.4735
GOLD 1347.24 1347.84

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EUR/USD Intraday Technical Levels for May 08, 2012 2012-05-08


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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
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