Intraday trading analysis (tips) on EUR/USD for 5 January 2011, we recommend Short (Sell) EUR/USD Below 1.3225 for target of 1.3145 and 1.3115 keep stop loss above 1.3255.
Why to go Short: This pair has shown negative breakout below 1.3225 level today, so the trend must follow till its first support level of 1.3145. So we expect the pair should further weaken to test the immediate support level of 1.3145 level on intraday basis. Hence trend should be bearish for today’s session (5 January 2011).
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