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EUR/USD Hourly Call Signal 03 Feb 2016

Signal details
Entry Price: 
1.0930
Close Price: 
1.0955
Expiry Time: 
14:00 GMT
Result: 
ITM
How we trade
4.8/5 of 2 ratings

The EUR/USD is looking to probe the topside, this is why we are issuing an alert to binary options traders keen to buy hourly options. The current price level has broken through the 1.0930 area, and we would be buying calls for the expiry at 14:00 GMT. The reasoning for that is the current market price is already factoring in all U.S. dollar positive news.

At the same time we are not likely to hear any major releases aside from the non-farm payrolls this Friday. The figure is expected to rock markets hard on Friday during the European afternoon. In the meantime we are reiterating that we are very likely to see the euro moving higher from current levels of 1.0933, but we will be buying our hourly call option for the 14:00 GMT expiry at 1.0930.

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.