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EUR/USD Call Signal 26 Jan 2016

Signal details
Entry Price: 
1.0845
Close Price: 
1.0859
Expiry Time: 
21:00 GMT
Result: 
ITM
How we trade
5/5 of 2 ratings

The EUR/USD has been consolidating after recent losses just above 1.0840. The single European currency has rallied in the morning testing levels above 1.0870 before subsiding to current levels. The move lower to 1.0820 was stopped after disappointing data from the Philadelphia region on the services side of the economy.

The EUR/USD is set to move higher in the coming hours as the poor performance of the U.S. dollar is due to increasing speculation that the U.S. Federal Reserve is not going to raise interest rates further due to bad economic figures. We are buying daily calls on this pair at 1.0845.

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.