Our intraday trading analysis on EUR/USD for 16 Dec 2010, we recommend Long(Buy) EUR/USD Above 1.3275 for target of 1.3225 and 1.3185 keep stoploss above 1.3305.
Why to go Short: This pair has been trading with huge volatility for last few sessions, but yesterday it has given breakdown of 1.3305 level and is now trading near 1.3265 so we expect the pair should further weaken to test 1.3225 level on intraday basis. we believe that it can approach its support level (1.3225). Hence trend should be bearish for today (16 December 2010).
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