EURUSD – Intraday Strategy (21 Jun 2013)

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EURO-Dollar-min

Recommendations: SHORT positions below  1.3268 with 1.3215 & 1.3160 as next targets.

Alternative scenario: The upside breakout of 1.3268 will call for a rebound to 1.3300/1.3350

Description: The pair trades below its resistance 1.3268. As long as this level holds. Look for further downside losses towards 1.3215/1.3160 levels. A break below 1.3160 would target 1.3090/1.3060 levels, an hourly close above 1.3268 would delay the bearish move and pave the way towards 1.3300/1.3350 levels.

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