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EUR/USD Put Signal 21 Jan 2016

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Signal details
Entry Price: 
Close Price: 
Expiry Time: 
21:00 GMT
How we trade
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The EUR/USD rate has rebounded from the lows printed earlier during the European session after the President of the European Central Bank Mario Draghi has stated that monetary policy may become more accommodative in the coming weeks. The euro has come under pressure after the announcement, however it proved to be shortlived.

After some swings up and down, the EUR/USD rebounded to 1.0845 before stabilizing around the 1.0830 area. This is where our play on the market comes in. We are aiming to buy daily puts just above current levels of 1.0828, believing that traders will be to sustain the momentum lower and continue pushing the price towards 1.0700.

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. 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. All risks and coasts associated with online trading are your responsibility.