EURUSD is today most traded pair on the Forex, also making it most liquid pair. EURO is having high interest rate than USD so many traders only look for buys in EURO. We provide our daily recommendation on EURUSD pair every day for free. Today’s trading technical analysis (tips) for EUR/USD 30 June 2011, we recommend, enter long position (buy) in EURUSD above 1.4515 for target of 1.4555 and 1.4585 also place protective stop loss below 1.4495.
Reason to trade long: EURUSD pair has rallied from the 1.4100 level and we have seen the longer term trend has now again resumed. So trading with the trend we are only looking for the buying opportunities as long as the pair remains above the 1.4455 level. This is very good level to enter the long positions as this is supported by the technical indicators. With this our long positions will be triggered near 1.4515 level for the targets as 1.4555 and then 1.4585 zone in intraday trade. Even RSI is now well directed and is showing clear bullish trend picture. Also we advice traders to keep their stop loss with 1:2 risk reward ratio. We can see further strengthening in EURUSD pair.