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EUR/USD Signal - US Presidential Election - 08 Nov 2016

Signal details
Entry Price: 
1.1060
Close Price: 
1.1024
Direction: 
Low
Expiry Time: 
21:00 GMT
Result: 
ITM
How we trade
5/5 of 4 ratings

We are looking for an opportunity to buy daily puts on the EURUSD today. The U.S. Presidential election is finally upon us and the outcome is anything but certain. That said, we are anticipating that Donald Trump will fail to get elected and a Hilary Clinton win will be positive for the U.S. dollar and negative for the EURUSD in particular.

Since this pair has started rallying in the aftermath of the latest political developments on the Friday when the FBI announced a reopening of the investigation against Hilary Clinton. We expect all of those gains to be eventually given back. We would be buying daily puts at the 1.1060 level today into the expiration at 21:00 GMT.

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.