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FX.co ★ EUR/USD Technical Analysis. Support And Resistance Line For July; 16th/2010

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Forex Analysis:::2010-07-16T12:00:00

EUR/USD Technical Analysis. Support And Resistance Line For July; 16th/2010

After EUR/USD had closed and opened above the "Breakout BUY Level area", this pair got a strong momentum to upward yesterday. Please, look at the screenshot below (Candlestick in a blue circle), the Price has already closed and opened above the level which we mentioned before:

EUR/USD Technical Analysis. Support And Resistance Line For July; 16th/2010

Here is an important intraday level area for EUR/USD today:

Breakout Buy level : 1.2981.
Strong Resistance : 1.2973.
Original Resistance : 1.2961.
Inner Sell Area : 1.2949.
Target Inner Area : 1.2918
Inner Buy Area : 1.2887.
Original Support : 1.2875.
Strong Support : 1.2862.
Breakout Sell level : 1.2855.

Here is the screenshot below:

EUR/USD Technical Analysis. Support And Resistance Line For July; 16th/2010

Analyst InstaForex
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