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EUR/USD Intraday Technical Levels for Jully 4, 2012
TODAY’s TECHNICAL LEVELS:
Breakout BUY Level: 1.2664.
Strong Resistance: 1.2656.
Original Resistance: 1.2645.
Inner Sell Area: 1.2633.
Target Inner Area: 1.2603.
Inner Buy Area: 1.2572.
Original Support: 1.2561.
Strong Support: 1.2549.
Breakout SELL Level: 1.2541.
Today EUR/USD has support and resistance at 1.2561 and 1.2645 and is accompanied by strong support at 1.2549 and by 1.2656 as strong resistance.
If EUR/USD breaks out and closes below a 1.2541-level today, then this will indicate considerable bearish strength, while if EUR/USD manages to break out and close above a 1.2664-level, then this will denote high bullish strength. Alternatively, you can trade in a way to open a BUY position at the level of 1.2572, and at 1.2633 – a SELL position, in this case both targets should be located at the level of 1.2603.
The material has been provided by Instaforex Company – instaforex.com