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EUR/USD Put Signal 22 Jan 2016

Signal details
Entry Price: 
1.0825
Close Price: 
1.0796
Expiry Time: 
21:00 GMT
Result: 
ITM
How we trade
5/5 of 2 ratings

The EUR/USD has rallied into the close of trading yesterday despite the negative comments for the currency which came after the President of the European Central Bank spoke at a press conference. The monetary policy in Europe is expected to be supportive, which is a big negative factor for the euro.

The EUR/USD is looking to close the week lower, with the opportunity to enter the market remaining close. The rate has moved as high as 1.0880 in yesterday's trade after the ECB announced that it is keeping its rates unchanged, but it will likely review its decision during the March meeting.

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.