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EUR/USD Signal - Jobs numbers - 08 Aug 2016

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Signal details
Entry Price: 
Close Price: 
Expiry Time: 
20:00 GMT
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5/5 of 2 ratings

The EUR/USD has been gradually going up in the past hour after hitting double top around 1.1105 earlier today which led to a decline in the value of the pair to 1.1080. The move was backed by a very positive non-farm payrolls report which came out last Friday.

EUR/USD traders are probably going to continue looking at the jobs numbers to justify a further increase in the value of the US dollar. This fundamental picture will most probably weigh on the pair in the near term which leads us to buy daily puts at 1.1090 for the 20:00 GMT expiration.

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. 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. All risks and coasts associated with online trading are your responsibility.