EUR-USD 5 JAN 2009 ( PROFIT )

The EURUSD still trapped in range area of 1.4450 – 1.4250 yesterday. I think the best strategy remains to short around 1.4450 or to long around 1.4250 with tight stop loss. Bullish scenario will be confirmed by a close above 1.4450 today targeting 1.4600 – 1.4800 this week while bearish confirmation will be confirmed by a close below 1.4250 targeting 1.4127 – 1.4000 area this week.

11PIPS WITH ROKOKSALEM

SELL : 1.4413 ET /TP: 1.4402 SL: 50PIP