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25/02/2014: I have just taken my profit on my EUR/USD long @ $1.37505


I am concerned about the choppy nature of this move. The volume on the 5 minute chart is tailing off and the impact of the move may have run its course.

I am happy with the 31 pip profit and with the resistance band around $1.3760 overhead I think it is a chance to exit.

 


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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.