EUR - USD 4 DEC 2009 ( PROFIT )

The EURUSD attempted to push higher yesterday, peaked at 1.5140 but further bullish momentum was rejected as the pair whipsawed to the downside, bottomed at 1.5037 and closed at 1.5053. The bullish scenario remains intact but price formed a double top formation around 1.5140 area indicating potential downside pullback testing 1.5000 – 1.4950/20 area. Break below 1.4950/20 area should trigger further bearish momentum retesting 1.4820 and the major trendline support area.


11PIPS WITH ROKOKSALEM

SELL : 1.5078 ET /TP: 1.5067 SL: 50PIP