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EUR/USD Put Signal 30 Nov 2015

Signal details
Entry Price: 
1.0565
Close Price: 
1.0566
Expiry Time: 
21:00 GMT
Result: 
OTM
How we trade
5/5 of 2 ratings

The EUR/USD has managed to stay afloat despite a boatload of sell orders transacted on the forex market today. The single European currency has managed to stabilize somewhat after the release of decent inflation data from Germany this morning.

That said, the effort on the upside was very shallow and soon after New York opened, the EUR/USD got pressured lower once more. Looking at the charts, we are seeing this as an opportunity to buy daily put binary options on this pair should the pair get to 1.0560 in the coming hours.

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.