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EUR/USD Put Signal 24 Nov 2015

Signal details
Entry Price: 
1.0635
Close Price: 
1.0645
Expiry Time: 
21:00 GMT
Result: 
OTM
How we trade
5/5 of 2 ratings

The EUR/USD has been consolidating its losses in the past couple of days with the looming Thanksgiving holiday in the U.S. slowing down activity on the markets. In addition, the news coming out of the Eurozone have been treated with a grain of salt, since many economists expect deterioration due to the Paris terror attacks.

The European Central Bank is expected to commit to a substantial easing process to alleviate prospective pressures on the single currency's economy. At the same time the U.S. Federal Reserve is expected to raise rates at its December meeting to combat the prospects for higher inflation rates.

We would be buying daily put binary options on the EUR/USD around the 1.0635 level.

Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. He has no business nor personal relationships with any mentioned government entities or stocks. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion.