EURUSD – Intraday Strategy (19 Jun 2013)

Recommendations: LONG positions above  1.3385 with 1.3430 & 1.3460 as next targets.

Alternative scenario: The downside breakout of 1.3385 will call for a slide to 1.3335/1.3290

Description: The pair trades above its support 1.3385. As long as this level holds. Look for further upside gains towards 1.3430 & 1.3460 levels. An hourly closing below 1.3385 would delay the bullish move. The downside below 1.3385 is likely to be contained well above 1.3335/1.3290 levels. So If 1.3385 is broken, long after rejection from 1.3290/1.3335.