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EUR/USD Call Signal 11 Dec 2015

Signal details
Entry Price: 
1.0980
Close Price: 
1.0988
Expiry Time: 
21:00 GMT
Result: 
ITM
How we trade
5/5 of 3 ratings

The EUR/USD has rebounded sharply in early trading today. The single European currency has benefited from risk averse markets and flight to safety. As a currency that is yielding a negative interest rate, the euro is getting lifted when global stocks fall, which is why the pair has been supported today.

The German stock market dropped over 2 per cent, while the U.S. stock markets opened about 1.3 per cent in the red. The EUR/USD is likely to test 1.10 by the end of the session, which is why we are looking to buy call binary options if the price reaches 1.0980.

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.