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EUR - USD 29 OCT 2009 ( PROFIT )

After violated the bullish channel the bearish momentum seems strong with technical target back towards 1.4500 area. The bias remains bearish in nearest term targeting 1.4580 area but once again, pay attention to the major trendline support.Break above that area should trigger further bullish pressure testing 1.4850 area and might be considered as potential end to the current bearish correction.

11PIPS WITH ROKOKSALEM

SELL : 1.4745 ET /TP: 1.4734 SL: 50PIP
 

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