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26/11/2014: Daily trading idea – SELLING Euro/Dollar

Trade:                   Selling EUR/USD

Entry:                    @ $1.2530

Reason:                Playing the range, selling into a band of intraday resistance towards the range high

Target:                  $1.2357 (a retest of the range low)

Stop:                     $1.2610 (above range resistance at $1.2600)

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Research Risk Warning

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.