15.11.201113:29 Forex Analysis & Reviews: EUR/USD Intraday Technical Analysis

Overview:
The pair is loosing the gains of Friday and may return to 1.3485 level, its Nov 10 2011 low. The pair seems bearish and may slide towards lows or 1.3346 and ultimately 1.3144, its Oct 2011 low. On the bullish side, pair will have to break and hold above 1.3906 level, Overall however, the pair is bearish and holding below 1.3604 level and there is pressure towards 1.3485.

Recommendation:
If you are in sell you can close your positions in between 1.3506 level and 1.3440 and the same range is suitable for buying as well
If you are in buying then the suitable level’s range will be from 1.3709 to 1.3765 and this range is almost same for selling as well.

Warning:
Analysis and technical levels are provided only for the educational and informative purposes. Please also check fundamental analysis before opening every single position. Keep yourself away from the market if market is volatile. Always try to open positions with good price level. Remember Forex is like fishing not like hunting.

Money Management Warning:
Never use more than 2 or 3% of your equity in each trade:
For Example 2% of 1000 USD is 20$ and if your stop is 50 pips then your lot size will be calculated as 20$/50 = 0.4 of insta lot which means it will be about 40 cents and similarly if your stop level is 100 pips than lot size will be calculated as follow 20$/100 = 0.2 Insta lots it will be about 20 cents.