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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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