Our intraday trading analysis on EUR/USD for 17 Dec 2010, we recommend Short (Sell) EUR/USD Below 1.3295 for target of 1.3235 and 1.3195 keep stoploss above 1.3315.
Why to go Short: This pair has been trading with huge volatility for last couple of days, but now we can see it again trending downward.So we expect the pair should further weaken to test 1.3225 level on intraday basis following its current trend. we believe that it can approach its support level (1.3235). Hence trend should be bearish for today (17 December 2010).
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