TRADE UPDATE:
Well there we have it... a perfect example of what the news can do to you. If you got caught in this newsbreak, you got it bad.
Always keep up to date on news releases and try and exit your positions before they are released or you will eat dirt!
In any other case, I would have held this position as everything was pointing bearish, but knowing CPI is coming out the smartest thing to do was take a hint front the Indicators and try and exit with the most profit.
Signals:
- MACD Crossover
- Stochastics Oversold Zone BREAKOUT
- RSI had broken over 30 and was actually up to 50
instead of its initial direction of back down to 30
- That’s all for today folks - if you followed through with this from the start you may have bagged at least 20 to 65 pips - Not bad for a days work
As an experimental trade relying on Dows theory, that the news can't change the majour trend, i've shorted at 1.3180 - i still believe the bias is still bearish here.
So we get a mysterious white package in front of the white house and not so hot of a CPI, so what ?
Let's see what the forces of nature can do for this trade 
I will let you know how this experiment goes.