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Forex Trading Analysis on EUR/USD: Buy EUR/USD Above 1.3195

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Intraday trading analysis (tips) on EUR/USD for 28 December 2010, we recommend Long (Buy) EUR/USD Above 1.3195 for target of 1.3245 and 1.3265 keep stoploss above 1.3175.

Why to trade Long: This pair has shown positive breakout above 1.3185 level today, so the trend must follow till its first resistance of 1.3245. So we expect the pair should further strengthen to test the resistance of 1.3245 level on intraday basis. Hence trend should be bullish for today’s session (28 December 2010).

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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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