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EUR/USD Put Signal 13 Apr 2016

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Signal details
Entry Price: 
Close Price: 
Expiry Time: 
20:00 GMT
How we trade
5/5 of 2 ratings

The EUR/USD is getting under pressure in early European trading after positive data from Asia has spurred risk assets higher. The U.S. dollar is the key beneficiary from the move after Chinese data signaled that the toughest times for the country's economy could be behind it.

We are looking at the EUR/USD presently trading around 1.1348, which is a touch lower than our target price to buy a daily expiration binary option at 1.1350. Should this level be reached we will be buying daily puts in order to capitalize on a substantial drop in this pair after numerous rejections above 1.1400.

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.