Today's trading technical analysis (tips) for EUR/USD 16 June 2011, we recommend, enter short position (Sell) in EURUSD below 1.4205 for target of 1.4165 and 1.4135 also place protective stop loss above 1.4225. Reason to trade short: Yesterday EURUSD pair has lost about 1.8% falling from 1.4480 to 1.4155 levels. We see that their exists some support near 1.42 level as it is 23.6% Fibonacci level. ... [Continue Reading]

EURUSD has already recovered 600 pips from its recent low and more recovery is likely to continue in coming week. EUR/USD was very strong after the breakout above the 1.45 level, after the weakening of USD due to weak NFP data released yesterday. So we are expecting this up move on EUR/USD to continue upto its next resistance of 1.49, which is our initial target level on daily chart. So we will be ... [Continue Reading]

Today's trading technical analysis (tips) for EUR/USD 1 June 2011, we recommend, Accumulate EURO i.e enter long position (Sell) in EURUSD above 1.4445 for target of 1.4495 and 1.4525 also place protective stop loss below 1.4425. Reason to trade long: The EURUSD pair has bounced from the 1.40 levels and we are sure that the pair has gained enough momentum and is ready to resume its up move. Again ... [Continue Reading]