Forex intraday trading analysis (tips) on EUR/USD for 10 January 2011, we recommend Short (Sell) EUR/USD Below 1.2985 for target of 1.2935 and 1.2905 keep stop loss above 1.3010.
Why to go Short: This pair has shown negative breakout below 1.1.3005 level last friday, so the trend must follow till its first support level of 1.2905. So we expect the pair should further weaken to test the immediate support level of 1.2935 level on intraday basis. Hence trend should be bearish for today’s session (10 January 2011).
Leave a Reply