EUR/USD Intraday Technical Analysis & Trade Recommendation December 12, 2011

Today at an earlier time in the day, EUR/USD currency pair could break the violet channel thus it declined rapidly after then.

Now the pair is testing the lower limit of both Blue&Yellow channel at 1.3260 forming a good intraday support level.

Based on the previous analysis:

There's a bullish opportunity at 1.3260 with SL below 1.3230

TP should be at +25, 50 & 75 pips