We have seen 350 pips rally in EUR/USD last week and it was not that strong until the breakout above the 1.387 level, after the NFP data release on 4 March 2011. So we are expecting this rally to continue upto its next resistance of 1.4105. So we will be looking for buying opportunities as long as the pair holds above 1.3865 level. Also we may witness high volatility in other cross pairs. As per ... [Continue Reading]

Intraday trading analysis (tips) for EUR/USD 3 March 2011, we recommend, Enter long (buy) EUR/USD above 1.3845 for target of 1.3875 and 1.3915 also place protective stop loss below 1.3815. Reason to go Long: The ECB has left the interest rates unchanged at 1%. Also EURO had tested its support level and the pair is now rebounding from that support. RSI support the up move and is in favor of the ... [Continue Reading]

Intraday trading analysis (tips) for EUR/USD 1 March 2011, we recommend, Enter long (Buy) EUR/USD above 1.3815 for target of 1.3855 and 1.3895 also place protective stop loss below 1.3795. Reason to go Long: EURO had tested its support level and the pair is now rebounding from that support. RSI support the up move and is in favor of the trade on 4 hour chart. So we can see the pair to strengthen ... [Continue Reading]