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EUR/USD Call Signal 21 Oct 2015

Signal details
Entry Price: 
1.1350
Close Price: 
1.1338
Expiry Time: 
20:00 GMT
Result: 
OTM
How we trade
5/5 of 2 ratings

The EUR/USD has been trading in a range before key European Central Bank meeting tomorrow, which will bring a new trend to the forex market. For now we are likely to see the currency pair stick to recent ranges with the bulk of the moves on the currency markets being quite subdued these days.

Looking at today's data, we haven't seen anything important hitting the wires yet, but the numbers are clear - the most successful traders are those who are trading the range. Since we have seen the EUR/USD rebounding from 1.1330 to above 1.1350 we would be looking for a daily close higher on hitting 1.1350 once again.

In other words, we are buying call binary options at 1.1350.

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.