Until now, low of move = 1.3583.
- Taken this out today. (Now @ 1.3572.). Sell stop to add onto short triggered @ 1.3578.
- New fresh leg underway. As mentioned before, current downmove has the look and feel of a 3rd wave. Thus, hanging on to profitable position for dear life.
- Await sudden sharp large reversal on daily to get out. Until that happens, ride the trend.
- [Cause of move : China raised Reserve Requirement 50 bp to 16.5% + Weak Greece/Euro countries' GDP]
12 February 2010
EUR/USD : Stopped-in Short @ 1.3578
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