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25/02/2014: I have just bought EUR/USD @ $1.37196

The dip on the back of the US Consumer Confidence figure has given a chance to buy EUR/USD again as I think the move is overdone. Also this is around the 200 hour moving average which has supported the recent major intraday corrections (currently $1.3722)

I still expect the retest of $1.3773 in due course.

My stop is at $1.3783 (37 pips) which is under the $1.3685 intraday low from last week.

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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.