EURUSD Daily Dynamic Support and Resistance Points February 29, 2012

Update 1 (04:01 GMT): After breaching the 1.3400 value yesterday, the price has surged to greater heights.

Level Technical Significance
1.3569 Daily High Nov 22 2011
1.355 Daily High Dec 2 2011
1.3509 38.2% OF 1.4940-1.2624
1.3487 2012 High Feb 24
1.3477 03:50 GMT WED 29 FEB
1.3389 Daily Low Feb 28
1.3357 Daily Low Feb 24
1.3231 Daily Low Feb 23
1.3186 Daily Low Feb 21
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EURUSD Intraday Trading Support / Resistance Levels February 28, 2012

Update 1 (05:56): The price after finding support near the feb 24 low (1.3354) is once again showing upward momentum.

Level Technical Significance
1.3615 Daily High Nov 18 2011
1.355 Daily High Dec 2 2011
1.3487 Daily High Feb 24
1.3437 21 Day Upper Bollinger
1.3433 05:40 GMT TUE 28 FEB
1.3357 Daily Low Feb 24
1.3231 Daily Low Feb 23
1.3186 Daily Low Feb 21
1.3115 Daily Low Feb 17

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EURUSD Intraday Trading Support / Resistance Levels February 27, 2012

Update 1 (04:40 GMT): 1.3486 (daily high of dec 5 and feb 2) is limiting the up-move of the price for the time being.

Level Technical Significance
1.3615 Daily High Nov 18
1.3608 38.2% of 1.4248 – 1.3213
1.355 Daily High Dec 2
1.3486 Daily High Dec 5 & Feb 2
1.3457 04:30 GMT MON 27 FEB
1.3404 Hourly Support Feb 24
1.3357 Daily Low Feb 24
1.3308 100 Day MA
1.3267 Hourly Support Feb 23

In the meantime, keep the values of Friday too in mind while taking the trading decisions.

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