FX.co ★ EUR/USD Intraday Technical Levels for August 24, 2012

Today’s Technical Levels:
Breakout BUY Level: 1.2595.
Strong Resistance: 1.2588.
Original Resistance: 1.2576.
Inner Sell Area: 1.2564.
Target Inner Area: 1.2533.
Inner Buy Area: 1.2503.
Original Support: 1.2492.
Strong Support: 1.2480.
Breakout SELL Level: 1.2472.

Description:
Today EUR/USD has support and resistance at 1.2492 and 1.2576 and is accompanied by strong support at 1.2480 and by 1.2588 as strong resistance.
If EUR/USD breaks out and closes below level today 1.2472, this will indicate a considerable bearish strength, while if EUR/USD manages to break out and close above level 1.2595, this will denote high bullish strength. Alternatively for advance traders, you can trade in a way to open BUY position at the level of 1.2503 and SELL position 1.2564; in this case both targets should be located at the level of 1.2533.

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