EUR/USD Intraday Trading Analysis: Buy EURO Above 1.3675

By Bhaveek Patel Leave a Comment

Intraday trading analysis (tips) on EUR/USD for 1 February 2011, we recommend Long (Buy) EUR/USD Above 1.3675 for target of 1.3755 and 1.3795 keep stop loss below 1.3655.

Why to go Long: This pair has shown positive breakout and is firmly trading above the intermediate resistance of 1.3695 level today, so the uptrend must continue till the next resistance of 1.3795 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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- Bhaveek Patel says
  
  Hi Brijesh,
  You can contact me on 9970777789 for any help you need.
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