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EUR/USD Call Signal 18 Dec 2015

Signal details
Entry Price: 
1.0840
Close Price: 
1.0872
Expiry Time: 
21:00 GMT
Result: 
ITM
How we trade
5/5 of 2 ratings

The EUR/USD has been on the verge of testing 1.08 for a second day running with multiple attempts registered during the past couple of days. The support however has been proven tough and the pair has been consistently rebounding higher from the level.

The Federal Reserve's hike on Wednesday is still boosting the U.S. dollar, but we are somehow unconvinced whether the EUR/USD pair can sustain the momentum that is holding it up for now. Due to this opinion, we would rather be buying daily calls in this pair at levels around 1.0840 for today's expiry at 21:00 GMT.

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.