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EUR/USD Intraday Trade for 14-Oct-2010

By Bhaveek Patel Leave a Comment

EURO USD INTRADAY CHART FOR 14-OCTOBER-2010

Our Recommendation : Long positions above 1.4045 with targets @ 1.41 & 1.42 in extension.
Alternative scenario: Below 1.4 look for further downside with 1.395 & 1.3895 as targets.

Why to go long: The pair stands above its new support and remains on the upside. RSI signals upward move.

Levels to watch:
1.42
1.41
1.4091 last
1.4
1.395

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Category: Forex Tags: Eur/Usd/ Forex

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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