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EUR/USD Intraday Trade For 26-Oct-2010: We see support around 1.3908

By Bhaveek Patel Leave a Comment

Our Analysis: Buy EUR/USD above 1.3908 with targets: 1.3995 and 1.4035.
Alternative Scenario: Sell EUR/USD below 1.3903 for further downside target as 1.3873 & 1.3833.

Why to go long: This pair is on pulling back from its new support of 1.3908, the RSI signal is mixed to bullish.

Eur-Usd Chart for 26-Oct-2010

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Category: Forex Tags: Eur/Usd/ Forex/ Forex Trading

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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