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FX.co ★ EUR/USD Technical Analysis. Support And Resistance Line For July; 19th/2010

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Forex Analysis:::2010-07-19T12:00:00

EUR/USD Technical Analysis. Support And Resistance Line For July; 19th/2010

Last Friday, EUR/USD formed pattern called "3 Little Indians" (see the red circle). After it break the Support (green circle) and in coincidence that support is near the "Inner Selling Area", so in the result this pair goes to hit the Target. The screenshot is below:

EUR/USD Technical Analysis. Support And Resistance Line For July; 19th/2010

The important intraday trading levels for this pair today are:

Breakout Buy level : 1.2951.
Strong Resistance : 1.2943.
Original Resistance : 1.2931.
Inner Sell Area : 1.2918.
Target Inner Area : 1.2888.
Inner Buy Area : 1.2857.
Original Support : 1.2845.
Strong Support : 1.2832.
Breakout Sell level : 1.2825.

Here is the screenshot:

EUR/USD Technical Analysis. Support And Resistance Line For July; 19th/2010

Analyst InstaForex
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