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EUR/USD Call Signal 03 Dec 2015

Signal details
Entry Price: 
1.0820
Close Price: 
1.0949
Expiry Time: 
21:00 GMT
Result: 
ITM
How we trade
5/5 of 2 ratings

The EUR/USD has been on a roller coaster ride today and apparently it is not going to end any time soon. The prospects for massive easing of monetary policy by the European Central Bank (ECB) have not materialized and as a result we are seeing the euro rallying substantially against all of its major peers.

Looking at the prospects for further monetary policy easing, the European Central Bank abstained from making commitments and has instead focused on meeting market expectations. With the decision out of the way, the short positions on the EUR/USD are getting covered and we are looking at more upside in the coming days, possibly even weeks.

We would be buying daily call options for tonight's expiry at 1.0820.

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.