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EUR/USD Put Signal 17 Feb 2016

Signal details
Entry Price: 
1.1138
Close Price: 
1.1129
Expiry Time: 
21:00 GMT
Result: 
ITM
How we trade
5/5 of 2 ratings

The EUR/USD has been affected by a number of factors today, but namely the risk sentiment on the global markets in commodities and stocks. Looking at the S&P 500 and the European indices, we have seen some substantial gains, which led to a broad dollar rally with the notable exception of commodity currencies.

EUR/USD traders have pushed the rate lower to test the 1.1100 figure, however substantial bids at 1.1105 have propped up prices towards 1.1140. We are comfortable to sell any rallies to the same figure with the current rate in the pair centered at 1.1138. The expiration time should be set at 21:00 GMT for the daily options or an hourly option with the same expiration time.

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.