EUR/USD Intraday Trading Report February 15, 2012


Update 1 (01:53 GMT): 1.3180 level has acted as the resistance once again and the price has been falling after touching that level since yesterday. Immediate support levels exist at the 55-day MA which is 1.3059 now.

Update 2 (14:34 GMT): As of now, the 55-day MA is supporting the price. We shall see 1.3223 (daily high Feb 14), if the MA is able to hold the price above the level.

About Praveen Pious Francis
A part-time blogger who has a wide range of interests including investing in the stock markets across the globe and broadband technologies in India. If you feel that this post has helped improve your daily trading activities, please consider donating to my PayPal praveenpious@live.com. Donations encourage me to keep on researching newer day trading strategies.

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