EURUSD – Intraday Strategy (26 Dec 2013)

EURO-Dollar-min

Recommendations: SHORT positions below 1.3731 with 1.3660  & 1.3615 as next targets.
Alternative scenario:The upside breakout of 1.3731 will open 1.3780/1.3810
Description: The pair trades below its resistance 1.3731 , stability below this level will keep the pair under pressure with risk towards 1.3656 ahead of 1.3615 levels, below 1.3615 would open 1.3550 next .On the upside, break of 1.3731 on hourly basis would only delay the bearish move for retesting 1.3780/1.3810 levels before the next fall, to reverse risks to the upside; sustained trading above 1.3810 is needed, otherwise the risk will remain to the downside even in case of bullish correction .

 

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