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EUR/USD Call Signal 20 June 2016

Signal details
Entry Price: 
1.1300
Close Price: 
1.3005
Expiry Time: 
20:00 GMT
Result: 
ITM
How we trade
5/5 of 1 ratings

The EUR/USD has mirrored the move of the British pound against the U.S. dollar in early Monday trading. That said, the pair has failed to sustain its gains from the morning and dropped from a high above 1.1380 to 1.1309 as of writing. We are looking at this move as a correction and would be buying daily calls from nearby levels.

The EUR/USD pair has been heavily influenced by the moves in other GBP crosses such as the EUR/GBP. With the remaining of the United Kingdom in the European Union seeming more and more likely we are seeing the EUR/USD stabilizing and probably testing above 1.1500 in the coming weeks. We are buying calls at 1.1300 tonight.

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.