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EUR/USD Call Signal 12 Jan 2016

Signal details
Entry Price: 
1.0850
Close Price: 
1.0853
Expiry Time: 
21:00 GMT
Result: 
ITM
How we trade
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The EUR/USD has continued in a tight range, but current levels are favoring the downside for an additional test of the 1.0800 level in the coming days. The pair has been influenced by a flux of information, most notably about the largest budget surplus in Germany since the Second World War.

We are looking at the 1.0850 level to buy daily calls in this pair as the rebound has currently stabilized just above and the EUR/USD is changing hands at 1.0852. Our binary option play for the day is heavily dependent on the future developments in the U.S. stock market.

Currently stocks are underperforming which is pushing the price of risky assets such as the euro higher.

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.