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EUR/USD Intraday Trading Analysis: Buy EURO Above 1.3425

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Intraday trading analysis (tips) on EUR/USD for 19 January 2011, we recommend Long (Buy) EUR/USD Above 1.3425 for target of 1.3475 and 1.3495 keep stop loss above 1.3405.

Why to go Long: This pair has shown positive breakout and is firmly trading above the intermediate resistance of 1.3395 level today, so the uptrend must continue till the next resistance of 1.3495 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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