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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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