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Friday, 20 July 2012

2012.07.19 13:45:55 EUR/USD intraday: bullish bias above 1.225.

EUR/USD intraday: bullish bias above 1.225.

Update on supports and resistances.
Pivot: 1.225

Our preference: Long positions above 1.225 with targets @ 1.2325 &
1.235 in extension.

Alternative scenario: Below 1.225 look for further downside with
1.2215 & 1.2175 as targets.

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

Key levels
1.2375
1.235
1.2325
1.23021 last
1.225
1.2215
1.2175


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