Sorry, you need to enable JavaScript to visit this website.

EUR/USD Signal - More ECB Easing On the Table - 08 Sep 2016

Signal details
Entry Price: 
1.1250
Close Price: 
1.1256
Direction: 
Low
Expiry Time: 
20:00 GMT
Result: 
OTM
How we trade
5/5 of 2 ratings

The EUR/USD direction hasn’t changed significantly since yesterday. The pair has been exploring in the early hours of the day, the price levels between 1.1235 – 1.1257 (lowest to highest levels for now). The prognosis for the single European currency is not much different from yesterday’s either – the probability for the European Central Bank to continue its monetary policy expansion is only getting higher.

That is widely expected by the market in the near term as a result of slowdown in economic activity across the Eurozone which has caused worries about the future economy growth. Looking at the pair’s course, the level 1.1250-60 stands out with the possibility that there would be a lot of selling interest by big money players. That is the reason why we would be buying daily puts at 1.1250 heading into 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. 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.