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EUR/USD Put Signal 18 Nov 2015

Signal details
Entry Price: 
1.0650
Close Price: 
1.0651
Expiry Time: 
21:00 GMT
Result: 
OTM
How we trade
5/5 of 2 ratings

The EUR/USD has hit new 3 month lows in the aftermath of some fairly bad data from the U.S. which was countered by some hawkish talk from Federal Reserve officials. The pair has hit a new low of 1.0623 as we write this article and we feel like it will continue lower.

The main reason for the move has been speculation that the Federal Reserve is likely to raise interest rates at its next meeting in December. The markets have been expecting turbulence around the publication of the Fed minutes from its latest meeting at 19:00 GMT.

We will be looking to buy daily puts if after this data we see a rally towards 1.0650. This is likely to be a very volatile session so caution with the amount of bets is advised.

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.