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EUR/USD Signal - 15 Dec 2015

Signal details
Entry Price: 
1.0920
Close Price: 
No Trade
Direction: 
High
Expiry Time: 
21:00 GMT
How we trade
5/5 of 3 ratings

The EUR/USD has suffered dramatically in today's trade looking lower by about one and a half cents in the aftermath of hitting a new one month high in Europe. The main factor behind the decline afterwards has been positive inflation data from the U.S.

While the headline inflation figure came out at +0.5 per cent year-on-year, the core inflation number, which is the one at which the Federal Reserve is looking at printed 2.0 per cent year-on-year growth. This has boosted the U.S. dollar across the board and the EUR/USD fell as low as 1.0915. We would be buying call daily binary options at 1.0920.

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.