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Intraday Trading Analysis on EUR/USD: Sell EUR/USD Below 1.3395

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Our intraday trading analysis on EUR/USD, we recommend Short (Sell) EUR/USD Below 1.3395 for target of 1.3345 and 1.3295 keep stoploss above 1.3415.

Why to go Short: This pair has been trading strong for last few days, but daily indicators seem to loose the upward momentum, so we believe that it can approach its support level. Hence should be bearish for today (7 December 2010).

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About Bhaveek Patel

Bhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.

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