07-02-2012, 06:13 AM #1
EUR/USD Intraday Technical Levels for July 2, 2012
TODAY'S TECHNICAL LEVELS:
Breakout BUY Level: 1.2717.
Strong Resistance: 1.2709.
Original Resistance: 1.2697.
Inner Sell Area: 1.2685.
Target Inner Area: 1.2655.
Inner Buy Area: 1.2625.
Original Support: 1.2613.
Strong Support: 1.2601.
Breakout SELL Level: 1.2593.
Today EUR/USD has support and resistance at 1.2613 and 1.2697 and is accompanied by strong support at 1.2601 and by 1.2709 as strong resistance.
If EUR/USD breaks out and closes below a 1.2593-level today, then this will indicate considerable bearish strength, while if EUR/USD manages to break out and close above a 1.2717-level, then this will denote high bullish strength. Alternatively, you can trade in a way to open a BUY position at the level of 1.2625, and at 1.2685 – a SELL position, in this case both targets should be located at the level of 1.2655.
The material has been provided by Instaforex Company - instaforex.com
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