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24/04/2014: I have just bought EUR/USD at $1.38194


I like the recovery we have seen in the Euro in the past few days and although it will be choppy I believe that EUR/USD will continue to push higher.

Draghi continues to try to talk the Euro lower, but the lack of real action should continue to support the Euro. The economic data from the Eurozone continues to be supportive (recent flash PMIs and German Ifo better than expected).

I have placed my stop at $1.3779 (40 pips) which is below the recent low at $1.3783


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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.