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06.07.2012 08:38 AM
EUR/USD Intraday Technical Levels for Jully 6, 2012

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TODAY's   TECHNICAL   LEVELS:

Breakout BUY Level: 1.2453.

Strong Resistance: 1.2446.

Original Resistance: 1.2434.

Inner Sell Area: 1.2422.

Target Inner Area: 1.2392.

Inner Buy Area: 1.2363.

Original Support: 1.2352.

Strong Support: 1.2339.

Breakout SELL Level: 1.2331.

 

DESCRIPTION:

Today EUR/USD has support and resistance at 1.2352 and 1.2434 and is accompanied by strong support at 1.2339 and by 1.2446 as strong resistance.

If EUR/USD breaks out and closes below a 1.2331-level today, then this will indicate considerable bearish strength, while if EUR/USD manages to break out and close above a 1.2453-level, then this will denote high bullish strength. Alternatively, you can trade in a way to open a BUY position at the level of 1.2363, and at 1.2422– a SELL position, in this case both targets should be located at the level of 1.2392.
 

Best regards,


Arief Makmur,
Analytical expert of InstaForex
© 2007-2026
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