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EUR/USD Call Signal 21 Dec 2015

Signal details
Entry Price: 
1.0918
Close Price: 
1.0920
Expiry Time: 
21:00 GMT
Result: 
ITM
How we trade
4.9/5 of 4 ratings

The EUR/USD has rebounded today after last week it failed to break below 1.0800. Multiple attempts at the level failed as the pair slowly recovered above 1.09000 in slow Monday markets. We are holding the opinion that this correction to the upside could continue for the time being and are playing with the trend.

Our preference is to buy call daily binary options on the approach of 1.0918 in the EUR/USD. This level is currently on the chart and we feel like it would be prudent to execute our trade now. With the markets remaining active this week only until Thursday, as Friday is Christmas, this could be a good opportunity to start off the week.

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.