EURUSD Bounces Off Of November 20, 2008 Lows

On 11/20/2008 we saw the EURUSD consolidate around the lows. The we saw the big move upward from the lows back to near the highs of late September.

A Forex trading systems that we have been following from EFS wnet short on 10/2/2008 and almost caught the exact bottom for it's exit.  On 12/2/2008 this same EFS system went long near the bottom of the consolidation to catch part of the move back to the highs of September. On 1/13/2009 the EFS EURUSD trading system went short and is still currently short.

A downward ride back to last year's lows could mean another $10,000 per contract profit for EFS EURUSD.