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FX.co ★ EUR/USD Technical Analysis. Support & Resistance Lines For June; 15th/2010.

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Forex Analysis:::2010-06-15T12:00:00

EUR/USD Technical Analysis. Support & Resistance Lines For June; 15th/2010.

This day in Intraday TimeFrame (60 Minutes) this pair has already made a Flag Pattern, in the theory this is a continuation pattern so if this pair has already broken the 1.2297 level, there is a possibility of change this pair will go to the 1.2319 as the 1st target, but if this pair has a very strong momentum, it will lead EUR/USD to a jump to the next level at 1.2517. BUT if this pair after hits the 1.2297 level and comes back again to the downside and passes the 1.2275 level it seems that we can categorize the continuation of upward movement as a failed movement!

EUR/USD Technical Analysis. Support & Resistance Lines For June; 15th/2010.

EUR/USD Technical Analysis. Support & Resistance Lines For June; 15th/2010.

However this is the important Intraday Support and Resistance for this day:

Breakout Buy Level : 1.2269.

Strong Resistance : 1.2261.

Original Resistance : 1.2250.

Inner Sell Area : 1.2238.

Target Inner Area : 1.2209.

Inner Buy Area : 1.2180.

Original Support : 1.2168.

Strong Support : 1.2156.

Breakout Sell : 1.2149.

EUR/USD Technical Analysis. Support & Resistance Lines For June; 15th/2010.

Analyst InstaForex
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