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05.06.2012 09:59 AM
EUR/USD Intraday Technical Levels for June 5, 2012

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TODAY's   TECHNICAL   LEVEL :

Breakout BUY Level : 1.2587.

Strong Resistance : 1.2579.

Original Resistance : 1.2567.

Inner Sell Area : 1.2555.

Target Inner Area : 1.2525.

Inner Buy Area : 1.2495.

Original Support : 1.2483.

Strong Support : 1.2471.

Breakout SELL Level : 1.2463.

 

DESCRIPTION :

Today the EUR/USD pair has supports and resistances at 1.2483 and 1.2567 respectively and is accompanied by strong support 1.2471 and resistance 1.2579 levels.

If the EUR/USD pair breaks through and closes below a 1.2463 level today, then this will indicate considerable bearish strength, while if the EUR/USD pair manages to break out and close above a 1.2587-level, then this will denote high bullish strength. It is possible to trade otherwise by opening BUY positions at the level of 1.2495, and SELL positions at 1.2555, provided that both targets are located at the level of 1.2525.

 

 

 

Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
http://instaforex.com

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