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EUR/USD Put Signal 10 Dec 2015

Signal details
Entry Price: 
1.0960
Close Price: 
1.0945
Expiry Time: 
21:00 GMT
Result: 
ITM
How we trade
5/5 of 3 ratings

The EUR/USD has been trending lower in the past couple of hours with the main moves happening on the south front of the market. The pair has drifted lower despite comments from ECB officials this morning that the expectations of the market for ECB easing have been unrealistic. The firm move accelerated after the release of better than expected U.S. data.

We are looking to buy daily puts on this pair but will be cautious in our expectations about how high the rate can go before it drops lower. This is why we are putting the target level at 1.0960 which should contain the risks to the upside before the key interest rates decision by the U.S. Federal Reserve next week.

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.