EUR/USD Intraday Trading Report February 21, 2012


Update 1 (02:55 GMT): The hourly support of Feb 20th (1.3180) is still holding the price.

Level Technical Significance
1.3322 Daily High Feb 9
1.3309 100-Day MA
1.3299 21-Day Upper Bollinger
1.3292 Daily High Feb 10
1.3193 02:50 GMT TUE 21 FEB
1.3183 Hourly Support Feb 20
1.3115 Daily Low Feb 17
1.3044 55 Day MA
1.3027 21-Day Lower Bollinger

Update 2 (16:36 GMT): The price is rising after testing 1.3200 for the umpteenth time!

Level Technical Significance
1.3322 Feb 9 Hi, 21-WMA
1.3308 100-Day MA
1.33 21-Day Upper Bollinger
1.3292 Daily High Feb 10
1.3265 16:20 GMT TUE 21 FEB
1.3187 10-Day MA
1.316 21-Day MA
1.3115 Daily Low Feb 17
1.3041 55-Day MA

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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