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EUR/USD Signal - 26 Jul 2016

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Signal details
Entry Price: 
Close Price: 
Expiry Time: 
20:00 GMT
How we trade
Average: 5 (1 vote)

The EUR/USD has been getting a boost yesterday after a better than expected sentiment reading from the German economy. The pair has been actively trending higher until this morning where sellers have stepped in to arrest the rally above 1.1030.

After some upbeat data was released this afternoon from the U.S., the EUR/USD is finding more sellers and the pair is currently aiming to close below the 1.1000 figure in our opinion. We will play a little bit more aggressively today and buy daily puts at 1.0995 for the expiration of the daily binary option at 20:00 GMT.

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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.