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Tuesday, December 20, 2011

EUR/USD Intraday Important Level For December 20th / 2011


Technical analysis

Arief Makmur




TODAY  TECHNICAL  LEVEL :


Breakout BUY Level : 1.3068.
Strong Resistance : 1.3060.
Original Resistance : 1.3048.
Inner Sell Area : 1.3035.
Target Inner Area : 1.3005.
Inner Buy Area : 1.2974.
Original Support : 1.2962.
Strong Support : 1.2950.
Breakout SELL Level : 1.2942.

DESCRIPTION :

Today EUR/USD has support and resistance at 1.2962 and 1.3048 is accompanied by a strong support at 1.2950 and 1.3060 for the strong resistance; If today the EUR/USD can break out and close below the 1.2942 level then this indicates considerable Bearish strength, while if the EUR/USD today can break out and close above the 1.3068 level then this indicates considerable Bullish strength. Alternatively you can trade in a way to open BUY position at the level of 1.2974 and 1.3035 for SELL position in which case both targets are located at the 1.3005 level.
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