Trade of the Day: EUR/USD 17th July 2014

Date: 17th July 2014

EUR-USD currency trading

Trading Event: US Building permits, 1230 GMT.

U.S. Building Permits is here. The housing sector has made a remarkable turnaround after the polar vortex upsetting development prior in the year. May brought about a decrease in building licenses, falling by 6.4%, yet the accord is that June’s figure will introduce a turnaround.

Banc de Binary analysts  foresee that there will be a moderate climb in U.s Building permits issued, so they suggest a PUT position in the EUR / USD.

Recommended Broker: Banc de Binary

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