12/28/08 8:59 pm - EURUSD: Short at 1.4158

Went short near strong resistance at 1.4175, as the pair seems to lose momentum and is near overbought levels. Stop set at 1.4230, giving the trade a little room for a false breakout and initial target is 1.39, but will let trade run on a break below that level, and only cover for a profit on a clear bounce out of 1.3805. Final target is 1.33.

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