Intraday trading analysis (tips) for EUR/USD 28 April 2011, we recommend, Enter long position in (Buy) EUR/USD above 1.4835 for target of 1.4875 and 1.4915 also place protective stop loss below 1.4815.
Reason to trade long: The pair has broke above the 1.4815 level and is strongly heeding towards 1.49 level. Giving solid trading opportunity in this strong uptrend. Also EURO has strongly accumulated upward momentum and is firmly trading above its intermediate resistance level targeting the next resistance zone. RSI is gaining momentum and suggest for strong trend on 4 hour chart. So we can see further strengthening in this pair, the up-trend must continue and trading in the direction of the trend we recommend to trade long (buy) on this pair. I will be looking for buying opportunity as long as the pair remains above 1.4815 level on 4 Hour chart.