FX.co ★ EUR/USD Intraday Technical Levels for August 21, 2012

Today’s Technical Levels:
Breakout BUY Level: 1.2410.
Strong Resistance: 1.2430.
Original Resistance: 1.2377.
Inner Sell Area: 1.2379.
Target Inner Area: 1.2350.
Inner Buy Area: 1.2321.
Original Support: 1.2309.
Strong Support: 1.2297.
Breakout SELL Level: 1.2290.

Description:
Today EUR/USD has support and resistance at 1.2309 and 1.2377 and is accompanied by strong support at 1.2297 and by 1.2430 as strong resistance.
If EUR/USD breaks out and closes below 1.2290 level today, this will indicate a considerable bearish strength, while if EUR/USD manages to break out and close above 1.2410 level, this will denote high bullish strength. Alternatively for advance traders, you can trade in a way to open BUY position at the level of 1.2321 and SELL position at 1.2379; in this case both targets should be located at the level of 1.2350.

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