Our intraday trading analysis on EUR/USD, we recommend Short (Sell) EUR/USD Below 1.3295 for target of 1.3195 and 1.3155 keep stoploss above 1.3345.
Why to go Short: This pair has been trading with huge volatility for last 2 sessions, but today it has weaken from 1.3295 level and is now trading near 1.3265 so we expect the pair should further weaken to test 1.3195 level on intraday basis. we believe that it can approach its support level (1.3195). Hence trend should be bearish for today (9 December 2010).
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