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Thursday, 19 July 2012

2012.07.18 13:42:34 EUR/USD intraday: under pressure.

EUR/USD intraday: under pressure.

Update on supports and resistances.
Pivot: 1.227

Our preference: Short positions below 1.227 with targets @ 1.2215 &
1.2175 in extension.

Alternative scenario: Above 1.227 look for further upside with 1.2315
& 1.2335 as targets.

Comment: the pair remains under pressure and is challenging its
intermediary support.

Key levels
1.2335
1.2315
1.227
1.2227 last
1.2215
1.2175
1.216


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