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08.06.2012 11:32 AM
EUR/USD Intraday Technical Levels for June 8, 2012

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Today's technical levels :

Breakout BUY Level : 1.2627.

Strong Resistance : 1.2620.

Original Resistance : 1.2608.

Inner Sell Area : 1.2596.

Target Inner Area : 1.2566.

Inner Buy Area : 1.2536.

Original Support : 1.2524.

Strong Support : 1.2512.

Breakout SELL Level : 1.2504.

 

Description:

Today EUR/USD has support and resistance at 1.2524 and 1.2608 and is accompanied by strong support at 1.2512 and by 1.2620 as strong resistance.

If EUR/USD breaks out and closes below the 1.2504 level today, it will indicate considerable bearish strength, while if EUR/USD manages to break out and close above the 1.2627 level, then this will denote bullish strength. Alternatively, you can trade in a way to open a BUY position at the level of 1.2536, and a SELL position – at 1.2596. In this case, both targets should be located at the level of 1.2566.

 

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

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Arief Makmur
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