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EUR/USD Call Signal 16 Dec 2015

Signal details
Entry Price: 
1.0940
Close Price: 
1.0917
Expiry Time: 
21:00 GMT
Result: 
OTM
How we trade
5/5 of 2 ratings

The EUR/USD has been creeping up this New York afternoon and the Federal Reserve is about to make the biggest announcement of the year. There are little doubts that the central bank will raise rates today, but the main question is how likely is it to commit to further rate hikes in the coming months.

We are holding the view that the market has largely priced in all of the Fed's prospective action and are committed to buying daily calls on the EUR/USD pair. Have in mind that this trade is very risky and if it goes against us it will do so big time, so stay conservative and don't risk too much today.

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.