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Forex: Day Trading Analysis on EURO: Sell EUR/USD Below 1.3165

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Intraday trading analysis (tips) on EUR/USD for 27 December 2010, we recommend Short (Sell) EUR/USD Below 1.3165 for target of 1.3115 and 1.3075 keep stoploss above 1.3185.

Why to go Short: This pair has been trending downward. So we expect the pair should further weaken to test its new support level (1.3115) on intraday basis following its current trend. Hence trend should be bearish for today’s session (27 December 2010).

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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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