Intraday trading analysis (tips) for EUR/USD 22 February 2011, we recommend, Enter long (Buy) EUR/USD only above 1.3645 for target of 1.3679 and 1.3715 also place protective stop loss below 1.3625.
Why to go Long: EURO had tested its support at 1.3545 level and the pair is now rebounding from the support. RSI support the up move and is in favor of the trade on 30 minutes chart. So we can see the pair to strengthen further and move towards its next resistance which is at 1.3679 level, so the up-trend must continue and trading in the direction of the trend we recommend to trade long (Buy) on this pair.
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