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10.05.2012 09:20 AM
EUR/USD Intraday Technical Levels for May 10, 2012

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TODAY's   TECHNICAL   LEVELS:

Breakout BUY Level : 1.2996.

Strong Resistance : 1.2988.

Original Resistance : 1.2976.

Inner Sell Area : 1.2963.

Target Inner Area : 1.2933.

Inner Buy Area : 1.2903.

Original Support : 1.2980.

Strong Support : 1.2877.

Breakout SELL Level : 1.2871.

 

DESCRIPTION:

Today EUR/USD has support and resistance at 1.2980 and 1.2976 and is accompanied by strong support at 1.2877 and by 1.2988 as strong resistance.

If EUR/USD breaks out and closes below a 1.2871-level today, then this will indicate considerable bearish strength, while if EUR/USD manages to break out and close above a 1.2996-level, then this will denote high bullish strength. Alternatively, you can trade in a way to open a BUY position at the level of 1.2903, and at 1.2963– a SELL position, in this case both targets should be located at the level of 1.2933.

Arief Makmur,
Analytical expert of InstaForex
© 2007-2026
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