Intraday trading analysis (tips) on EUR/USD for 4 February 2011, we recommend Short (Sell) EUR/USD Below 1.3675 for target of 1.3605 and 1.3555 keep stop loss below 1.3655.
Why to go Short: After the NFP data release the EURO was showing strength so we can see the pair to weaken and move towards its next support near 1.3555, so the trend must continue, and trading with the trend we recommend to go short on this pair. Technical indicators are showing mixed trend ahead.
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