Forex Analysis

InstaPips.com came with some additional information about forex broker Instaforex

EUR/USD Intraday Technical Levels for Jully 4, 2012

Posted at July 4, 2012 Categories : Forex Analysis |

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.

 

DESCRIPTION:

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.

  

Best regards,

The material has been provided by Instaforex Company – instaforex.com

Instaforex search terms: