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EUR - USD 22 JAN 2010 ( LOSS )

EURUSD continued its bearish momentum yesterday, bottomed at 1.4080 and closed at 1.4104. The combination of triangle and 1.4250 key support level breakdown produced significant power to the bearish pressure. The bias remains to the downside targeting 1.4000 psychological level. Break below that area should trigger further bearish scenario towards 1.3750 in longer term point of view. Immediate resistance at 1.4150. Break above that area should trigger further bullish correction testing 1.4250 area but I prefer a bearish scenario at this phase and stay with sell on the rallies strategy.

11PIPS WITH ROKOKSALEM

BUY : 1.4085 ET /TP: 1.4096 SL: 50PIP
 

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