On early US Market session yesterday, Euro strengthened after the German bond auction had showed solid demand. It was held to reduce fiscal instability in the European Union. But the Euro failed to pass the psychological level at $1.2900, so the buck ended the trading session lower. At the close of trading, the Euro fell to $1.2858, in the trading range between $1.2824 and $1.2923. Sales of the US Dollar against the yen have also come under pressure, moving down to the lowest price range in the last 15 years on speculation that the Japanese government will not intervene to make its currency weaker versus the US dollar. However, yesterday we got 2 significant trades: the first one is when the London Market opened this pair had already been in Inner BUY Area, and the target was hit soon. The second trade took place (the hit of Inner SELL Area) when the US market opened, this pair could also go to north but this pair went back to south again and hit the Inner Target Area. Here is the screenshot below:
There are important intraday levels for this pair today:
Breakout Buy level : 1.2858.
Strong Resistance : 1.2850.
Original Resistance : 1.2838.
Inner Sell Area : 1.2825.
Target Inner Area : 1.2795.
Inner Buy Area : 1.2764.
Original Support : 1.2752.
Strong Support : 1.2740.
Breakout Sell level : 1.2732.
The screenshot is below:
