EUR/USD Intraday Call: Rebound Expected for 27-Oct-2010

by Bhaveek Patel · 0 comments

in Forex

Our View: Enter long (Buy) position above 1.3795 with targets @ 1.3873 & 1.3917 in extension. Alternative outlook: Enter Short (Sell) Below 1.3772 for further downside with 1.3755 & 1.3705 as targets.

Why to go long: the RSI is turning up, the pair has rebounded from its support and should post a further up move.

EUR/USD Chart for 27-oct-2010

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