EUR - USD 18 MAY 2009 ( TARGET NOT TOUCH )

The pairing stalled around 1.3425 in Asia yesterday, just short of the 200 day M/A and then steadily climbed to 1.3560/65 overnight, which remains under pressure. The daily studies are bearish, heading lower from overbought levels and the significant double top in the 1.3725/35 area suggests a deeper correction lower. We will hold the trade.

11PIPS WITH ROKOKSALEM

SELL/SHORT : 1.3495 ET /TP: 1.3484 SL: 50PIP