I have decided to close my long position @ $1.37493. From the entry @ $1.37264 this gives me a 23 pip profit.
I have seen Euro/Dollar continue to push higher over the last few days only to correct back towards $1.3700 again. I will look to get back in on the long side on a correction, but I wanted to take the profit on offer.
I think that Euro/Dollar will ultimately make the break above $1.3773 but I am concerned that the current move is running out of steam.
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