EUR/USD Intraday Trading Report February 20, 2012


Update 1 (03:27 GMT): I see that the price has moved past 1.3180 level. As always, now the same level will act as a major support. Likewise, it is quite disheartening to see the price not making much movement since the past few trading sessions. Here are some important levels to bear in mind for the rest of the day.

Level Technical Significance
1.331 100-Day MA
1.3292 Daily High Feb 10
1.3289 21-Day Upper Bollinger
1.3247 Ichimoku Cloud Top
1.3216 03:30 GMT MON 20 FEB
1.3139 Hourly Support Feb 17
1.31 Intraday Sppt Feb 16
1.3044 Daily Low Feb 15
1.3012 21 Day Lower Bollinger

Update 2 (08:47 GMT):

Level Technical Significance
1.3322 Daily High Feb 9
1.3308 100-Day MA
1.3292 Daily High Feb 10
1.3287 21-Day Upper Bollinger
1.3194 08:40 GMT MON 20 FEB
1.3148 21-Day MA
1.3115 Daily Low Feb 17
1.3044 Daily Low Feb 15
1.3009 21-Day Lower Bollinger

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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