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EUR/USD Signal - 28 Jun 2016

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Signal details
Entry Price: 
Close Price: 
Expiry Time: 
20:00 GMT
How we trade
3.5/5 of 3 ratings

The EUR/USD has rebounded from lows of just above 1.0970 yesterday to trade around 1.1110 this European morning. The price has since been rejected and the euro is currently treading around 1.1046. We are of the opinion that the pair will move lower as U.S. GDP data was solid and the issues around Brexit will persist.

The main price level in the EUR/USD which we are going to monitor in the coming hours is 1.1060. At that level we would be buying daily puts, reflecting out vision of a weaker euro in the near term. A rally back towards 1.1100 would negate our views, but for now prices are slowly grinding lower.

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.