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Euro against US Dollar is in uptrend for medium term, Buy on Decline

By Bhaveek Patel 2 Comments

EURUSD pair in forex has is very popular, as I see these days it has become highly predictable with technical analysis. As I see the charts I feel that EURUSD is now beginning a new up trend as it has bounced from 1.2050 to 1.29 about 900 pips rally in 3 months. If I see the daily chart the pair is already trading above the 200 days SMA, In this case I will be only looking for buying opportunities ... [Continue Reading]

Forex: Day Trading Analysis on EURO: Sell EUR/USD Below 1.3165

By Bhaveek Patel Leave a Comment

Intraday trading analysis (tips) on EUR/USD for 27 December 2010, we recommend Short (Sell) EUR/USD Below 1.3165 for target of 1.3115 and 1.3075 keep stoploss above 1.3185. Why to go Short: This pair has been trending downward. So we expect the pair should further weaken to test its new support level (1.3115) on intraday basis following its current trend. Hence trend should be bearish for today's ... [Continue Reading]

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