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
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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

EUR/USD Intraday Trading Report February 17, 2012

Update 1 (02:48 GMT): The price rebounded sharply from yesterday’s low. According to certain “insider sources”, this rebound was nothing but algo trading at its best. The 100-day MA 1.3309 is once again in focus; this price level can be touched if the existing bullishness prevails.

EUR/USD Intraday Trading Report February 16, 2012

Update 1 (02:38 GMT): No surprises over the pair reacting to conventional news flow. Yesterday, based on certain comments from China, the price flew. Today, it is displaying much weakness with the price about to touch the 21 day bollinger (1.2941) at any moment. Stay cautious.

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.

EUR/USD Intraday Trading Report February 14, 2012

Update 1 (02:04 GMT): As of now the pair is looking a bit weaker and is poised to fall and touch the daily low of Jan 25 (1.2931). For that to happen, the 1.3150 level must be breached in a convincing manner. An intermediate support level exists at the 55-day MA which is 1.3066.

EUR/USD Intraday Trading Report February 13, 2012

Update 1 (01:45 GMT): I see that the price has opened up for trading with a gap up. 1.3156 (daily low Feb 10) should act as the immediate support level for the time being. Upside is capped once again at 1.3330 (the 100-day MA) for the pair.

Update 2 (09:27 GMT): European markets are holding up the price of this pair. Watch out for the 100-day MA which will be touched if there are ample levels of enthusiasm among the traders.

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