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Intraday Trading Analysis on EUR/USD: Sell EUR/USD Below 1.3245

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Our intraday trading analysis on EUR/USD, we recommend Short (Sell) EUR/USD Below 1.3245 for target of 1.3155 and 1.3105 keep stoploss above 1.3285.

Why to go Short: This pair has been weakening continuously and is now trading below its resistance area and is more likely to weaken further. We see it to approach its intraday support level. So trend should be bearish today (29 November 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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