EUR - USD 1 MARCH 2010

EURUSD attempted to push higher on Friday after failed to break below 1.3450 area (potential nearest term bottom), slipped above the minor bearish channel indicating potential upside correction especially if price able to break above 1.3690 targeting 1.3750 – 1.3850 resistance area . However the main trend should remain bearish and I still prefer a bearish scenario with sell on rallies strategy. The bias is neutral in nearest term.

11PIPS WITH ROKOKSALEM

BUY : 1.3643 ET /TP: 1.3654 SL: 50PIP