EURUSD BREAKEVEN

EURUSD BREAKEVEN
2nd August 2016 contacttf
A Short Straddle, is a neutral option trading strategy that profits when a stock stays stagnant. This is the exact opposite of a Long Straddle which profits when the underlying stock moves strongly either to upside or downside.

One eyes was on USDCHF, I saw the opportunity at a quick glance.

The trade was working in my favour, with all technicals falling in line. What I did not factor in was the low risk news at 10am. Market is incomprehensible at times. I closed out breakeven.

This is the most popular currency pair in the world, representing the world's two largest economies. The Euro was created to facilitate cross-border trade of European trading partners. Since its inception in 1999, the pair has faced considerable volatility as the world has faced multiple events of volatility such as the tech boom becoming the tech bust, the real estate bubble, and the European Debt Crisis which still has yet to find long-term resolution.

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