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07.06.2012 09:50 AM
EUR/USD Intraday Technical Levels for June 7, 2012

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TODAY's   TECHNICAL   LEVEL :

Breakout BUY Level : 1.2636.

Strong Resistance : 1.2629.

Original Resistance : 1.2617.

Inner Sell Area : 1.2605.

Target Inner Area : 1.2575.

Inner Buy Area : 1.2545.

Original Support : 1.2533.

Strong Support : 1.2520.

Breakout SELL Level : 1.2513.

 

DESCRIPTION :

Today the EUR/USD pair has support and resistance at 1.2533 and 1.2617 and is accompanied by strong support 1.2520 and 1.2629 resistance levels.

If the EUR/USD pair breaks through and closes below a 1.2513 level today, then this will indicate considerable bearish strength, while if the EUR/USD pair manages to break though and close above a 1.2636 level, then this will denote high bullish strength. It is possible to trade otherwise by opening BUY position at the level of 1.2545 and SELL position at 1.2605, provided that both targets are located at the level of 1.2575.

 

Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
http://instaforex.com
Yahoo Messenger & Skype : Arie

Summary
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Arief Makmur
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