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05/03/2014: I have just SOLD EUR/USD at $1.37184

The break below intraday support at $1.3719 suggests the Euro is in a correction phase now.

Intraday moving averages have turned lower and momentum indicators are also corrective. A retest of $1.3692 looks on now, with the key low at $1.3641 possible.

I have placed my stop at $1.3750 (32 pips).

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At Hantec Markets Ltd we provide an execution only service. Any opinions expressed by analyst Richard Perry should not be construed as investment advice or an investment recommendation. This report does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. Forex and CFDs are leveraged products which can result in losses greater than your initial deposit. Therefore you should only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved, seeking independent advice if necessary prior to entering into such transactions.