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EUR - USD 25 MAY 2009 ( RESULT PROFIT )

Continuing to target the top of the channel off the Mar 5 lows at 1.4310 for this move. I do not expect to see the market back below 1.3730 this week and would add to longs at 1.3840. Daily and weekly techs approaching overbought but not enough to stop the move higher yet. Opened above, held above and closed above 200 week MA last week, first time since Dec 08.

11PIPS WITH ROKOKSALEM

BUY/LONG : 1.4000 ET /TP: 1.4011 SL: 50PIP
 

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