EUR - USD 12 OCT 2009 ( PROFIT )

The EURUSD made another downside correction on Friday.Price is now moving in a bearish channel indicating that the bearish correction remains intact. Only a violation to the bearish channel should continue further bullish momentum re-testing 1.4850. Immediate support at 1.4688/50 area, which is my key support level for today and I will be watching any reaction around that area before make any decision.

11PIPS WITH ROKOKSALEM

SELL : 1.4723 ET /TP: 1.4712 SL: 50PIP