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EUR/USD Call Signal 02 Feb 2016

Signal details
Entry Price: 
1.0905
Close Price: 
1.0913
Expiry Time: 
21:00 GMT
Result: 
ITM
How we trade
4.6/5 of 4 ratings

With current prices of the EUR/USD around 1.0910 we are seeing a prospective opportunity on this pair. The European morning has started a rally which reached to about 1.0940, the highest level for the day. Since then the pair trailed back to below 1.0900, but subsequently rebounded.

The market for the EUR/USD pair has been lacking big headlines today, except for the positive employment figures from Germany, which contrasted with Spain's where delays in forming a government have prompted uncertainty about the future direction of Spain's economy. We are buying daily puts if the price reaches 1.0905.

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.