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EUR/USD Put Signal 19 Jan 2016

Signal details
Entry Price: 
1.0875
Close Price: 
1.0909
Expiry Time: 
21:00 GMT
Result: 
OTM
How we trade
5/5 of 2 ratings

The EUR/USD has been falling below 1.09 for a couple of sessions, while the U.S. was on holiday yesterday. The pair is still mainly driven by risk-on and risk-off moods. When stock markets fall, the euro is rising, while when stock markets rebound the U.S. dollar is rising.

The magnitude of the moves on each side of the trade is different, hence the likelihood that the EUR/USD is going to move lower in the coming weeks is rising. This is why we are taking the position of the market and will be buying daily puts on the pair. We are looking at 1.0875 as the entry level for our trade.

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.