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EUR/USD Call Signal 13 Nov 2015

Signal details
Entry Price: 
1.0710
Close Price: 
1.0769
Expiry Time: 
21:00 GMT
Result: 
ITM
How we trade
5/5 of 2 ratings

The EUR/USD has been on a roller coaster in the past 24 hours after it probed above 1.0800 only to be rejected twice and boosted by very strong U.S. data. The European Gross Domestic Product (GDP) growth numbers also weighed on the single currency.

Both German and French figures have disappointed investors, while consumer sentiment in the U.S. printed a much higher reading than expected. The EUR/USD has hit a bottom at 1.0716. We think that the lowest price levels are yet to be seen for the day and will take a somewhat risky trade.

We would be buying daily binary options calls on the EUR/USD at 1.0710 today.

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.