Key levels on EUR/USD for 07-15-11

nokia2367

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We have tight ranges for both upside and down side.
Above 1.4196 markets will try to test the 1.4220 above 1.4220 to 1.4256 we have resistance area.
Down side we have 1.4148 as a support but below 1.4138 level with high probability will test the 1.4072 levels.
Again we have support area from 1.4044 to 1.4072.Below those area market will test the 1.3994 levels.
We have to trade above 1.4256 and stay above it in order new buyers step in.

Please let me know if you have any questions.

Please trade on your own risk.thank you (y)
 

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