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EUR/USD Put Signal 21 June 2016

Signal details
Entry Price: 
1.1270
Close Price: 
1.1251
Expiry Time: 
20:00 GMT
Result: 
ITM
How we trade
5/5 of 2 ratings

The EUR/USD has come under pressure in recent hours due to a call by the President of the European Central Bank Mario Draghi that the institution is ready to take additional easing steps, which will ultimately affect the value of the single European currency.

The move comes as the EUR/USD has already been rejected from above 1.1300 i today's trading session. Looking ahead we are seeing a close below 1.1270 which is the level that we have picked to buy daily put options for the market close in New York on Tuesday.

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.