EUR/USD Intraday Technical Levels for July 9, 2012

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TODAY's TECHNICAL LEVELS:

Breakout BUY Level : 1.2329.
Strong Resistance: 1.2321.
Original Resistance: 1.2310.
Inner Sell Area: 1.2298.
Target Inner Area: 1.2269.
Inner Buy Area: 1.2239.
Original Support: 1.2228.
Strong Support: 1.2217.
Breakout SELL Level: 1.2209.

DESCRIPTION:

Today EUR/USD has support and resistance at 1.2228 and 1.2310 and is accompanied by strong support at 1.2217 and by 1.2321 as strong resistance.
If EUR/USD breaks out and closes below a 1.2209-level today, then this will indicate considerable bearish strength, while if EUR/USD manages to break out and close above a 1.2329-level, then this will denote high bullish strength. Alternatively, you can trade in a way to open a BUY position at the level of 1.2239, and at 1.2298 – a SELL position, in this case both targets should be located at the level of 1.2269.