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Friday, 20 July 2012

2012.07.19 20:51:50 EUR/USD intraday: bullish bias above 1.223.

EUR/USD intraday: bullish bias above 1.223.

Update on supports and resistances.
Pivot: 1.223

Our preference: Long positions above 1.223 with targets @ 1.2325 &
1.2345 in extension.

Alternative scenario: Below 1.223 look for further downside with 1.221
& 1.2175 as targets.

Comment: technically, the RSI is above its neutrality area at 50.

Key levels
1.2365
1.2345
1.2325
1.22798 last
1.223
1.221
1.2175


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