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 ... [Continue Reading]
Forex: AUD/USD Trading Analysis for 22 June 2011: Buy AUDUSD above 1.0575
Intraday trading / technical analysis on AUD/USD 22 June 2011, we recommend, Enter buy AUDUSD above 1.0575 for target of 1.0625 and 1.0665 also place protective stop loss below 1.0555. Reason to trade AUDUSD long: The AUDUSD pair is always the first choice for the carry trade as the interest rates are very high in Australian economy. For long term we are always looking for buying opportunity in ... [Continue Reading]
Forex: EUR/USD Intraday Trading Analysis for 16 June 2011: Sell EURUSD below 1.4205
Today's trading technical analysis (tips) for EUR/USD 16 June 2011, we recommend, enter short position (Sell) in EURUSD below 1.4205 for target of 1.4165 and 1.4135 also place protective stop loss above 1.4225. Reason to trade short: Yesterday EURUSD pair has lost about 1.8% falling from 1.4480 to 1.4155 levels. We see that their exists some support near 1.42 level as it is 23.6% Fibonacci level. ... [Continue Reading]
Forex: AUD/USD Trading Analysis for 16 June 2011: Sell AUDUSD below 1.0565
Reason to trade AUDUSD short: The AUDUSD pair has always attracted the investors for the carry trade as the interest rates are very high in Australian economy. For long term we are always looking for buying opportunity in this pair as long it stays above 1.00 level. But for intraday trading we will be looking for selling opportunities in this pair as long as this pair remains below 1.0585 level. ... [Continue Reading]
Forex: EUR/USD Has 1.49 Level Target For Next Week 6 June 2011
EURUSD has already recovered 600 pips from its recent low and more recovery is likely to continue in coming week. EUR/USD was very strong after the breakout above the 1.45 level, after the weakening of USD due to weak NFP data released yesterday. So we are expecting this up move on EUR/USD to continue upto its next resistance of 1.49, which is our initial target level on daily chart. So we will be ... [Continue Reading]
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