Monday 4th January 2010

Today the Eur/Usd started off in the upward direction and it soon encountered the 1.4315 Resistance line. When that level was breached at the beginning of the London session, we took a Long position. Entry was at 1.4319 and the first position was closed at 1.4357 around 10:30pm for a profit of 38pips. The second position was closed at 1.4409 shortly after the beginning of the US session for a profit of 90pips.