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13.07.2012 02:45 PM
EUR/USD Intraday Technical Levels for July 13, 2012

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TODAY's   TECHNICAL   LEVELS:

Breakout BUY Level: 1.2248.

Strong Resistance: 1.2240.

Original Resistance: 1.2229.

Inner Sell Area: 1.2217.

Target Inner Area: 1.2188.

Inner Buy Area: 1.2159.

Original Support: 1.2147.

Strong Support: 1.2137.

Breakout SELL Level: 1.2129.

 

DESCRIPTION:

Today EUR/USD has support and resistance at 1.2147 and 1.2229 and is accompanied by strong support at 1.2137 and by 1.2240 as strong resistance.

If EUR/USD breaks out and closes below a 1.2129-level today, then this will indicate considerable bearish strength, while if EUR/USD manages to break out and close above a 1.2248-level, then this will denote high bullish strength. Alternatively, you can trade in a way to open a BUY position at the level of 1.2159, and at 1.2217 – a SELL position, in this case both targets should be located at the level of 1.2188.
 

  Best regards,

Arief Makmur,
Analytical expert of InstaForex
© 2007-2026
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