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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  1. Thanks, the Euro seems to be a bit choppy at the moment, so be careful as it does not seem to want to trade in one direction for very long before retracing the move.

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