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EUR/USD Put Signal 28 Oct 2015

Signal details
Entry Price: 
1.1075
Close Price: 
1.0926
Expiry Time: 
21:00 GMT
Result: 
ITM
How we trade
5/5 of 2 ratings

The EUR/USD has been trading in a higher range today with the price hitting as high as 1.1095 before subsiding lower. Looking at the charts we are of the opinion that the pair will go lower by the end of the day partially because of the low likelihood for the Fed to backtrack much on its rate hike talk.

The outcome from the meeting of the Federal Reserve officials will be released in roughly an hour and for those who prefer safety we recommend to wait it out. that said we are taking the opportunity to buy daily puts on the EUR/USD if prices go to 1.1075.

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.