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Eur/Usd Intraday Analysis: Short EUR/USD Below 1.3650

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Our trading analysis on EUR/USD, we recommend sell EUR/USD Below 1.3650 for target of 1.3595 and 1.3570 keep stoploss above 1.3666.

Why to go Short: We see this pair has formed a bearish channel on its 30 min chart. Also it is still trading below its 20 DMA (Days Moving Average). Trend should stay bearish for today (16-November-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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