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Friday, 20 July 2012

2012.07.19 13:45:49 EUR/USD intraday: bullish bias above 1.225

EUR/USD intraday: bullish bias above 1.225

Update on supports and resistances.
Pivot: 1.2250.

Our Preference: LONG positions above 1.225 with 1.2325 & 1.235 in sight.

Alternative scenario: The downside breakout of 1.225 will open the way
to 1.2215 & 1.2175.

Comment: the pair is rebounding on its support and is approaching its
resistance.

Trend: ST Ltd Downside; MT Range

Key levels Comment

1.2375** Intraday resistance
1.235** Intraday resistance
1.2325*** Intraday resistance
1.2302 Last
1.225** Intraday pivot point
1.2215*** Intraday support
1.2175*** Intraday support



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