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31/03/2014: I have just sold EUR/USD @ $1.37762

The Eurozone inflation data should be negative for the Euro once the initial volatility calms down. I think this jump is therefore a chance to sell.

There is a band of resistance $1.3776/$1.3796. Also the 200 hour moving average is a basis of resistance at $1.3793.

I have placed my stop at $1.38160 (40 pips) which is above resistance within the downtrend at $1.3808

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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.