EUR/USD Intraday Technical Levels for Jully 24, 2012

EUR/USD Intraday Technical Levels for Jully 24, 2012

Today’s Technical Level:

Breakout BUY Level: 1.2186.
Strong Resistance: 1.2178.
Original Resistance: 1.2167.
Inner Sell Area: 1.2155.
Target Inner Area: 1.2127.
Inner Buy Area: 1.2103.
Original Support: 1.2087.
Strong Support: 1.2075.
Breakout SELL Level: 1.2068.

Description:

Today EUR/USD has support and resistance at 1.2087 and 1.2167 and is accompanied by strong support at 1.2075 and by 1.2178 as strong resistance.
If EUR/USD breaks out and closes below a 1.2068 level today, then this will indicate considerable bearish strength, while if EUR/USD manages to break out and close above a 1.2186 level, then this will denote high bullish strength. Alternatively, you can trade in a way to open a BUY position at the level of 1.2103, and SELL position at 1.2155; in this case both targets should be located at the level of 1.2127.



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