Forex Signals - EURUSD Intraday Support

By IBTimes Staff Reporter | June 19 2012 7:14 AM

Recap: We apologize for any inconvenience but it appears quite a few PRO members did not receive the resistance break alert email yesterday when resistance broke. No big loss on this particular setup - you'd be a little above break even at the moment, but we are still investigating the root cause.

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After the 200 pip drop to start the week bears have stalled out and allowed bulls to push the pair back up above 1.2600. The markets are at a bit of a stand still at the moment as the pair searches for its trend given the fundamentals (or perhaps a better way to word is: how the markets react to the fundamentals).

Today's Important News Events:

Date Time (UTC) Event Forecast Previous

Tue Jun 19
01:30
AUD Reserve Bank Board June Minutes

08:30
GBP Consumer Price Index (YoY) (MAY)
3.0%
3.0%

08:30
GBP Core Consumer Price Index (YoY) (MAY)
2.3%
2.1%

09:00
EUR German ZEW Survey (Economic Sentiment) (JUN)
2.3
10.8

23:50
JPY BOJ to Publish Minutes of May 22-23 Board Meeting

*To see a more extensive list of news events (not just those we consider important), visit our Forex Calendar.

Trading Idea: We are currently flat and will look to get short on a support break if/when one develops with targets at 20/20/20/30 for 90 pips profit