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Daily Binary Options Analysis for February 24, 2017

EUR/USD The EUR/USD price did a further extension to the next Fibonacci level at 50.0% of the previous bearish trend. The 50.0% Fibonacci Retracement level is close to the psychological resistance at $1.0600 for one Euro, which is the reason why we consider the two levels to be part of the same resistance area. As […]

Daily Binary Options Analysis for February 23, 2017

EUR/USD The EUR/USD binary option initiated a bullish impulse after the price reached the psychological support level at $1.0500. As a result, the price action reached the 38.2% Fibonacci Level of the previous bearish trend. After couple tests of the level, the price bounced downward and went again below the support at $1.0550. The two […]

Daily Binary Options Analysis for February 22, 2017

EUR/USD The price of the EUR/USD binary option did a crucial decrease in a bearish direction. The price broke the support at $1.0520 that marks the bottom from February 15, 2017, and set a 42-day low on the chart. This puts strong bearish emphasize on the EUR/USD charts. The H1 chart of the EUR/USD shows […]

Daily Binary Options Analysis for February 21, 2017

EUR/USD The EUR/USD binary option did two crucial breakouts in a bearish direction. The first one occurred during the yesterday’s trading session when the price broke the lower level of its range through the $1.0600 support. The second one happened an hour ago when the EUR/USD closed an hourly candle below the next psychological support […]

Daily Binary Options Analysis for February 20, 2017

EUR/USD The price of the EUR/USD binary option increased to the 50% Fibonacci Retracement level taken from the previous bearish trend (green bearish channel). The level sustained the price action, and we saw a bearish bounce that caused the last bearish impulse on the chart. The H1 chart of the EUR/USD shows us that the […]

Daily Binary Options Analysis for February 17, 2017

EUR/USD The price of the EUR/USD binary option continued with its expansion above the last resistance at $1.0640. As a result, the pair reached the next resistance level at $1.0680 and bounced downwards to test the already broken $1.0640 level as a support. The hourly chart of the EUR/USD shows the current price expansion that […]

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