FX.co ★ EUR/USD Intraday Technical Levels for Jully 23, 2012

Today's Technical Levels:
Breakout BUY Level: 1.2190.
Strong Resistance: 1.2183.
Original Resistance: 1.2172.
Inner Sell Area: 1.2160.
Target Inner Area: 1.2132.
Inner Buy Area: 1.2103.
Original Support: 1.2092.
Strong Support: 1.2080.
Breakout SELL Level: 1.2073.

Description:
Today EUR/USD has support and resistance at 1.2092 and 1.2172 and is accompanied by a strong support at 1.2080 and by 1.2183 as strong resistance.
If EUR/USD breaks out and closes below 1.2073 level today, this will indicate considerable bearish strength, while if EUR/USD manages to break out and closes above 1.2190 level, this will denote high bullish strength. Alternatively, you can trade in a way to open a BUY position at the level of 1.2103, and at 1.2160– a SELL position, in this case both targets should be located at the level of 1.2132.

Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
https://instaforex.com
Email : Arief.ifx.jakarta@gmail.com