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17/02/2014: Long EUR/USD @ $1.37048

I have just bought EUR/USD @ $1.37048

The Euro is holding up well today amid a minor bout of dollar strength

I continue to believe that $1.3739 resistance will be tested and likely broken as the Euro continues to strengthen against the dollar.

I expect a move to the $1.3775 resistance (70 pips)

I have put my stop at $1.3670 (35 pips) just under the intraday support at $1.3772, which is also below the day low of today.

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Research Risk Warning

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.