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EUR - USD 21 MAY 2009 ( RESULT NOT TOUCH )

Break and NY close above 1.3740 is a bullish sign, stops on longs best left kept below 1.3720 for now. Look to add to longs ahead of 1.3720 and buy again ahead of 1.3550 should we see such a retracement. Overall direction will remain up with levels above 1.40 expected while we remain above 1.3400 with the 200 day MA expected to provide support at 1.3405.

11PIPS WITH ROKOKSALEM

SELL/SHORT : 1.3710 ET /TP: 1.3699 SL: 50PIP
 

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