Our intraday trading analysis on EUR/USD for 21 Dec 2010, we recommend Short (Sell) EUR/USD Below 1.3195 for target of 1.3135 and 1.3095 keep stoploss above 1.3225.
Why to go Short: This pair has been trading with huge volatility for last week, but now we can see it again trending downward. So we expect the pair should further weaken to test its new support level (1.3135) on intraday basis following its current trend. Hence trend should be bearish for today’s session (21 December 2010).
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