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  Symbol Bid Ask
EURUSD 1.2831 1.2834
GBPUSD 1.502 1.5023
USDJPY 103.44 103.47
USDCHF 0.9813 0.9816
USDCAD 1.0383 1.0386
EURJPY 132.74 132.77
EURCHF 1.2593 1.2598
GBPJPY 155.33 155.4
GBPCHF 1.4741 1.4748
GOLD 1365.64 1366.24

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EUR/USD Intraday Technical Levels for February 29, 2012 2012-02-29


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TODAY's  TECHNICAL  LEVELS:

Breakout BUY Level : 1.3537.

Strong Resistance : 1.3526.

Original Resistance : 1.3516.

Inner Sell Area : 1.3502.

Target Inner Area : 1.3471.

Inner Buy Area : 1.3365.

Original Support : 1.3426.

Strong Support : 1.3413.

Breakout SELL Level : 1.3405.

 

DESCRIPTION :

Today EUR/USD has support and resistance at 1.3426 and 1.3516 and is accompanied by strong support at 1.3413 and by 1.3526 as strong
resistance.

If EUR/USD breaks out and closes below a 1.3405-level today, then this will indicate considerable bearish strength, while if EUR/USD manages to break out and close above a 1.3537-level, then this will denote high bullish strength. Alternatively, you can trade in a way to open a BUY position at the level of 1.3365, and at 1.3502– a SELL position, in this case both targets should be located at the level of 1.3471.

 

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Performed by Arief Makmur, Analytical expert
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