EURUSD Intraday Trading Support / Resistance Levels February 24, 2012


Update 1 (09:22 GMT): The price has been continuously rising since yesterday thanks to the favorable news flow. I hope this relief rally sustains today too.

Level Technical Significance
1.355 Daily High Dec 2
1.3486 Daily High Dec 5
1.346 Daily High Dec 8
1.3436 50% of 1.4248-1.2624
1.3398 09:20 GMT FRI 24 FEB
1.3308 100 Day MA
1.3267 Hourly Support Feb 23
1.3232 Daily Low Feb 23
1.3186 Daily Low Feb 21

Update 2 (15:51 GMT): Short sellers are having a tough time trying to comprehend the unprecedented rise of this pair.

Level Technical Significance
1.3608 38.2% of 1.4248 – 1.3213
1.3594 55-Day MA
1.355 Daily High Dec 2
1.3486 Daily High Dec 5
1.3462 15:40 GMT FRI 24 FEB
1.3357 Session Low Feb 24
1.3308 100 Day MA
1.3267 Hourly Support Feb 23
1.3232 Daily Low Feb 23
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One Response to EURUSD Intraday Trading Support / Resistance Levels February 24, 2012

  1. Pingback: EURUSD Intraday Trading Support / Resistance Levels February 27, 2012 « Ardours of a Technology Enthusiast – Praveen Pious Francis

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