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22.05.2012 08:13 AM
EUR/USD Intraday Technical Levels for May 22, 2012

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TODAY's   TECHNICAL   LEVELS:

Breakout BUY Level : 1.2874.

Strong Resistance : 1.2866.

Original Resistance : 1.2854.

Inner Sell Area : 1.2842.

Target Inner Area : 1.2811.

Inner Buy Area : 1.2780.

Original Support : 1.2768.

Strong Support : 1.2756.

Breakout SELL Level : 1.2748.

 

DESCRIPTION :

Today EUR/USD has support and resistance at 1.2768 and 1.2854 and is accompanied by strong support at 1.2756 and by 1.2866 as strong resistance.

If EUR/USD breaks out and closes below a 1.2748-level today, then this will indicate considerable bearish strength, while if EUR/USD manages to break out and close above a 1.2874-level, then this will denote high bullish strength. Alternatively, you can trade in a way to open a BUY position at the level of 1.2780, and at 1.2842– a SELL position, in this case both targets should be located at the level of 1.2811.

Summary
Urgency
Analytic
Arief Makmur
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