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EUR/USD Put Signal 23 Oct 2015

Signal details
Entry Price: 
1.1035
Close Price: 
1.1011
Expiry Time: 
20:00 GMT
Result: 
ITM
How we trade
5/5 of 3 ratings

The EUR/USD has continued its move lower after a dismal trading session yesterday which was underpinned by the ECB's reasoning for a lower euro exchange rate across the board. While the central bank has not committed to drive the euro lower vocally the result is at hand.

The EUR/USD dropped through support levels around 1.1080 in early European trading and has since stabilized just above 1.10. Currently the price is hovering around 1.1020 and we are looking for an opportunity to buy daily puts. The target level which we have set is 1.1035 where we will buy a daily put option.

Enjoy your trading and happy weekend!

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.