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EUR/USD Call Signal 09 Feb 2016

Signal details
Entry Price: 
1.1300
Close Price: 
1.1293
Expiry Time: 
21:00 GMT
Result: 
OTM
How we trade
5/5 of 3 ratings

The EUR/USD pair continues rallying higher throughout the end of trading in London as the pair is testing the 1.1320 levels at present. With the addition of a number of factors to the market price, the rally in the euro is little expected due to the ongoing issues with the European markets.

As some of you might now, Deutsche Bank has been experiencing difficulties in convincing the markets that it has sufficient cash reserves on its balance sheet to meet its obligations in the coming years. As a result speculation about the state of the European banking system has roiled markets.

Perversely, this has proven to be good for the EUR/USD because banks have been exchanging their foreign currencies into euros in order to bring liquidity home. We are buying daily calls at 1.1300 tonight.

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.