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27/03/2014: I have just taken profit on my EUR/USD short @ $1.37323


This has locked in an 85 pip profit.

The rate has traded entirely outside the Bollinger Bands on the 5 minute chart. which suggests an extreme move near term. Additionally, support is beginning to form.

Although I still think it will move back to $1.3700, I am mindful of a potential rally near term.


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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.