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Monday, February 20, 2012

EUR/USD Intraday Technical Levels for February 20, 2012


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TODAY  TECHNICAL  LEVEL :

Breakout BUY Level : 1.3282.
Strong Resistance : 1.3274.
Original Resistance : 1.3262.
Inner Sell Area : 1.3249.
Target Inner Area : 1.3218.
Inner Buy Area : 1.3186.
Original Support : 1.3174.
Strong Support : 1.3161.
Breakout SELL Level : 1.3153.

DESCRIPTION :

Today EUR/USD has support and resistance at 1.3174 and 1.3262 and is accompanied by strong support at 1.3161 and by 1.3274 as strong resistance.
If EUR/USD breaks out and closes below a 1.3153-level today, then this will indicate considerable bearish strength, while if EUR/USD manages to break out and close above a 1.3282-level, then this will denote high bullish strength. Alternatively, you can trade in a way to open a BUY position at the level of 1.3186, and at 1.3249– a SELL position, in this case both targets should be located at the level of 1.3218.
 


 
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