FX.co ★ EUR/USD Intraday Technical Levels for August 13, 2012

Today’s Technical Levels:
Breakout BUY Level: 1.2335.
Strong Resistance: 1.2328.
Original Resistance: 1.2316.
Inner Sell Area: 1.2304.
Target Inner Area: 1.2275.
Inner Buy Area: 1.2246.
Original Support: 1.2234.
Strong Support: 1.2222.
Breakout SELL Level: 1.2215.

Description:
Today EUR/USD has support and resistance at 1.2234 and 1.2316 and is accompanied by a strong support at 1.2222 and by 1.2328 as strong resistance.
If EUR/USD breaks out and closes below 1.2215 level today, this will indicate a considerable bearish strength, while if EUR/USD manages to break out and close above 1.2335 level, this will denote a high bullish strength. Alternatively, for advance traders, you can trade in a way to open BUY position at the level of 1.2246 and SELL position at 1.2304; in this case both targets should be located at the level of 1.2275.

Best regards,