EUR - USD 8 OCT 2009 ( PROFIT )

The EURUSD continued it’s bullish momentum yesterday, topped at 1.4761 and closed at 1.4721.The bias is neutral in nearest term and we might see some downside correction today, but the bullish scenario with 1.4850 as potential target especially if price break above 1.4761 area remains intact. However do not rush buying now. CCI heading down towards -100 line on h1 chart and price pullback after touch 1.4761 so watch out for potential downside correction testing 1.4695 – 1.4650 support area.

11PIPS WITH ROKOKSALEM

SELL : 1.4721 ET /TP: 1.4710 SL: 50PIP