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EUR - USD 18 NOV 2009 ( PROFIT )

The EURUSD had a significant bearish momentum yesterday, bottomed at 1.4807 but failed to stay below key support area 1.4820, closed higher at 1.4860 and traded around 1.4887. After failed to stay below 1.4820 yesterday, the pair bouncing to the upside with 1.4950 as potential resistance to be tested. Break above that area should trigger further bullish momentum testing the bearish channel. Bearish correction can only be canceled if the bearish channel violated to the upside.

11PIPS WITH ROKOKSALEM

BUY : 1.4841 ET /TP: 1.4852 SL: 50PIP
 

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