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EUR/USD Intraday Trading Analysis: Buy EURO Above 1.3185

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Intraday trading analysis (tips) on EUR/USD for 13 January 2011, we recommend Long (Buy) EUR/USD Above 1.3185 for target of 1.3235 and 1.3265 keep stop loss above 1.3165.

Why to go Long: This pair has shown positive breakout above the resistance of 1.318 level today, so the trend must continue till pair is above 1.318 level on 4 hour chart, trading with the trend we recommend to go long on this pair. Technical indicators are showing bullish trend ahead.

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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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