FX.co ★ EUR/USD Intraday Technical Levels for August 27, 2012

Today's Technical Levels:

Breakout BUY Level: 1.2567.

Strong Resistance: 1.2559.

Original Resistance: 1.2547.

Inner Sell Area: 1.2535.

Target Inner Area: 1.2505.

Inner Buy Area: 1.2475.

Original Support: 1.2463.

Strong Support: 1.2451.

Breakout SELL Level: 1.2443.

Description:

Today EUR/USD has support and resistance at 1.2463 and 1.2547 and is accompanied by strong support at 1.2451 and by 1.2559 as strong resistance.

If EUR/USD breaks out and closes below the level of 1.2443 today, this will indicate a considerable bearish strength, while if EUR/USD manages to break out and close above the level of 1.2567, 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 1.2475 and SELL position at 1.2535. In this case both targets should be located at the level of 1.2505.

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