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FX.co ★ EUR/USD Technical Analysis. Support And Resistance Line For July; 15th/2010

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Forex Analysis:::2010-07-15T12:00:00

EUR/USD Technical Analysis. Support And Resistance Line For July; 15th/2010

Because of yesterday's French Bank holiday and pre-FOMC announcement the market got thin & liquid, so in the result almost all day long EUR/USD moved in a choppy situation; but then when the FOMC announced start this pair has already hit the "Inner Buying Area" at 1.2688 and moved upwards to the Strong Resistance area at 1.2772 and the upward momentum seems will step-by-step reduce; anyway here is the important intraday area of trading levels for this pair today:

Breakout Buy level : 1.2795.
Strong Resistance : 1.2787.
Original Resistance : 1.2775.
Inner Sell Area : 1.2763.
Target Inner Area : 1.2733.
Inner Buy Area : 1.2703.
Original Support : 1.2691.
Strong Support : 1.2679.
Breakout Sell level : 1.2671.

Here is the screenshot at below:


EUR/USD Technical Analysis. Support And Resistance Line For July; 15th/2010

Analyst InstaForex
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