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Forex: Day Trading Analysis on EUR/USD: Sell EUR/USD Below 1.3205

By Bhaveek Patel Leave a Comment

Our intraday trading analysis on EUR/USD for 20 Dec 2010, we recommend Short (Sell) EUR/USD Below 1.3205 for target of 1.3125 and 1.3099 keep stoploss above 1.3235.

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 support level (1.3225) on intraday basis following its current trend. Hence trend should be bearish for today’s session (20 December 2010).

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Category: Forex Tags: Eur/Usd/ Forex/ Forex Trading

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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