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Friday, 20 July 2012

2012.07.19 16:32:53 EUR/USD intraday: under pressure.

EUR/USD intraday: under pressure.

Update on supports and resistances.
Pivot: 1.2275

Our preference: Short positions below 1.2275 with targets @ 1.2215 &
1.2175 in extension.

Alternative scenario: Above 1.2275 look for further upside with 1.2305
& 1.2325 as targets.

Comment: the pair is under pressure and is challenging its bearish
flag lower boundary.

Key levels
1.2325
1.2305
1.2275
1.2243 last
1.2215
1.2175
1.216


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