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.

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