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Wednesday, May 30, 2012

EUR/USD Intraday Technical Levels for May 30, 2012







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TODAY's TECHNICAL LEVEL :

Breakout BUY Level : 1.2539.
Strong Resistance : 1.2532.
Original Resistance : 1.2520.
Inner Sell Area : 1.2508.
Target Inner Area : 1.2478.
Inner Buy Area : 1.2448.
Original Support : 1.2436.
Strong Support : 1.2425.
Breakout SELL Level : 1.2416.

DESCRIPTION :

Today the EUR/USD pair has support and resistance at 1.2436 and 1.2520 resectively and is accompanied by strong support 1.2425 and 1.2532 resistance levels.
If the EUR/USD pair breaks out and closes below a 1.2416-level today, then this will indicate considerable bearish strength, while if the EUR/USD pair manages to break out and close above a 1.2539-level, then this will denote high bullish strength. Alternatively, its is possible to open a BUY positions at the level of 1.2448, and SELL positions at 1.2508 level, provided that both targets are located at the level of 1.2478.
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