EUR/USD - 4h - Short/Put - E 25 May 20:00 - T 1.16200

We foresee the euro keeping losing ground against the dollar. Continuing uncertainty about the direction of the Italian economy and an upbeat perspective on the American economy are the most important reason to expect the lower rate per the end of the week (May 25). On a technical basis the important support level at 1.17500 is broken and therefore our eyes are set on the next major support of 1.16200.

Asset: EUR/USD
Time interval: 4 hour
Position: Short/Put
Expiry: 25 May 20:00 (GMT+2)
Target rate: 1.16200

Greetings,

Tradebinaireopties.