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

EUR/USD Put Signal 09 Nov 2015

Signal details
Entry Price: 
1.0760
Close Price: 
1.0748
Expiry Time: 
21:00 GMT
Result: 
ITM
How we trade
5/5 of 4 ratings

The EUR/USD forex pair has been testing the downside once more today. After a stellar employment report from the U.S. last Friday, today the euro came under pressure due to reports about additional cuts to the deposit rate at the European Central Bank.

According to the rumors, the governing council of the ECB will look for a deeper cut into negative territory. While the EUR/USD first reacted strongly, the pair has later stabilized around 1.0730 and rebounded.

We would be looking to buy daily puts if we see prices at 1.0760 once more.

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.