Sorry, you need to enable JavaScript to visit this website.

EUR/USD Call Signal 28 Jan 2016

Signal details
Entry Price: 
1.0945
Close Price: 
1.0940
Expiry Time: 
21:00 GMT
Result: 
OTM
How we trade
5/5 of 5 ratings

The EUR/USD is setting up for a positive close today, which is pushing us to take the same position as the market already has. The single European currency has benefitted in the middle of the European session as stocks have tumbled after the weak U.S. durable goods numbers and German inflation has declined as expected.

While the main reason for the decline is the low oil price there is little reason to believe that the European Central Bank will come out with some sort of a bazooka of stimulus in March, primarily due to opposition of further money printing from the German Bundesbank chief, Jens Weidmann. This is why we are gearing to buy daily calls at 1.0945 when the price gets there.

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.