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EUR/USD Call Signal 15 Jan 2016

Signal details
Entry Price: 
1.0950
Close Price: 
1.0917
Expiry Time: 
21:00 GMT
Result: 
OTM
How we trade
5/5 of 2 ratings

Before we go on a long weekend, we are seeing a good trade in the EUR/USD trade this Friday. The pair has been threading water for the most part of the week, however in the final hours of Friday's trading session we could see another round higher from the euro.

While this move is not very likely to be sustained on a long term basis, we are holding the opinion that the pair may move higher to test 1.1050 before subsiding back into the familiar range from previous weeks. The move higher in the euro is largely a reflection of the diminished expectations of further rate hikes from the U.S. Federal Reserve in the coming months.

We are buying call binary options on the EUR/USD pair at 1.0950 this London evening.

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.