July 25th 2016: Euro Rebounds… slightly

• This morning, world markets are mixed, with the dollar slipping back from Friday’s major surge towards the highs. Meanwhile, the USD/JPY is slipping back as the dollar strength.

• Dollar pairs are generally performing well, with the Australian dollar gapping higher. The euro is recovering after opening lower, while the pound remains largely unchanged.

• Coming up today, we have German Ifo business climate at 09.00.
• This is followed by UK CBI industrial order expectations at 11.00.

Trade Idea: 

• The EUR/USD has recovered from an opening gap lower, but the trend still remains negative. Further downside is on the cards here.

• A good way to play this is a LOWER trade predicting that the EUR/USD will close below 1.095 in 10 days for a potential return of 128%.

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