EUR/USD Intraday Technical Levels for July 19, 2012

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TODAY's TECHNICAL LEVELS:

Breakout BUY Level: 1.2337.
Strong Resistance: 1.2330.
Original Resistance: 1.2318.
Inner Sell Area: 1.2306.
Target Inner Area: 1.2277.
Inner Buy Area: 1.2248.
Original Support: 1.2236.
Strong Support: 1.2224.
Breakout SELL Level: 1.2217.

DESCRITPION:

Today EUR/USD has support and resistance at 1.2236 and 1.2318 and is accompanied by strong support at 1.2224 and by 1.2330 as strong resistance.
If EUR/USD breaks out and closes below a 1.2217-level today, then this will indicate considerable bearish strength, while if EUR/USD manages to break out and close above a 1.2337-level, then this will denote high bullish strength. Alternatively, you can trade in a way to open a BUY position at the level of 1.2248, and at 1.2306 – a SELL position, in this case both targets should be located at the level of 1.2277.