EUR/USD Intraday Technical Levels for May 25, 2012

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TODAY's TECHNICAL LEVELS:

Breakout BUY Level : 1.2596.
Strong Resistance : 1.2588.
Original Resistance : 1.2576.
Inner Sell Area : 1.2564.
Target Inner Area : 1.2534.
Inner Buy Area : 1.2503.
Original Support : 1.2492.
Strong Support : 1.2478.
Breakout SELL Level : 1.2470.

DESCRIPTION:

Today EUR/USD has support and resistance at 1.2492 and 1.2576 and is accompanied by strong support at 1.2478 and by 1.2588 as strong resistance.
If EUR/USD breaks out and closes below a 1.2470-level today, then this will indicate considerable bearish strength, while if EUR/USD manages to break out and close above a 1.2596-level, then this will denote high bullish strength. Alternatively, you can trade in a way to open a BUY position at the level of 1.2503, and at 1.2564– a SELL position, in this case both targets should be located at the level of 1.2534.