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EUR/USD Hourly Put Signal 16 Feb 2016

Signal details
Entry Price: 
1.1163
Close Price: 
1.1173
Expiry Time: 
14:00 GMT
Result: 
OTM
How we trade
5/5 of 2 ratings

The EUR/USD has tested the upside in the aftermath of a mixed report from the German institute ZEW, which reported current conditions data lower than expected, but with more upbeat future expectations. German businesses are expecting more easing from the European Central Bank in the near future which is raising confidence, and pushes for a weaker euro.

This is why we are buying hourly put binary options for the expiration rate at 14:00 GMT on the EUR/USD. We are looking at the market price of 1.1163 to enter our trades and will be carefully assessing our prospects for the coming hours. The U.S. calendar is focused on the release of the New York Fed's manufacturing sentiment at 13:30 GMT, which is a key risk to our signal.

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.