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

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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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.