EURUSD – Intraday Strategy (09 Aug 2013)

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EURO-Dollar-min

Recommendations: LONG positions above 1.3327 with 1.3420 & 1.3450 as next targets.
Alternative scenario: The downside breakout of 1.3327 will call for a slide to 1.3300/265.
Description: The pair trades above its support 1.3327, stability above this level will build pressure on the 1.3420/450 levels, losing 1.3327 on hourly closing basis would delay the bullish for retesting 1.3327/1.3265, but downside below 1.3327 is likely to be contained well above the 1.3300/1.3265 levels before the next rise.

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