Intraday trading analysis (tips) on EUR/USD for 21 January 2011, we recommend Long (Buy) EUR/USD Above 1.3515 for target of 1.3555 and 1.3585 keep stop loss below 1.3495.
Why to go Long: This pair has shown positive breakout and is firmly trading above the intermediate resistance of 1.3495 level today, so the uptrend must continue till the next resistance of 1.3585 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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