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EUR/USD Call Signal 04 Dec 2015

Signal details
Entry Price: 
1.0880
Close Price: 
1.0874
Expiry Time: 
21:00 GMT
Result: 
OTM
How we trade
5/5 of 3 ratings

The EUR/USD is likely to continue on its way higher regardless of what the non-farm payrolls number will be when announced in 20 minutes. The technical damage to the outlook for this currency pair has already been done and despite the likelihood of seeing a strong reading, the non-farm payrolls report could be well priced into the market.

Looking at a decent level to buy daily calls is our priority where we will be purchasing call binary options we have focused on 1.0880. Current prices are around 1.0890 and some more aggressive players can start buying before the news, however exercising caution is always prudent, be careful on a non-farm payrolls report day.

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.