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Daily Binary Options Analysis for December 7, 2016

EUR/USD Yesterday we were talking about the bullish breakout of the EUR/USD binary option. The price broke the resistance at $1.0700 and expanded to the next psychological level at $1.0800. However, the price bounced from this resistance and returned to the $1.0700 level for a support test. This is a clear example of how a […]

Daily Binary Options Analysis for December 6, 2016

EUR/USD The EUR/USD price broke a crucial resistance and increased further. This way the EUR/USD binary option reached a 3-wek high at the psychological one around $1.0800 for one Euro. Notice the recent range on the H4 chart of the EUR/USD: After the price has been decreasing for about a month, the EUR/USD reached a […]

Daily Binary Options Analysis for December 5, 2016

EUR/USD The EUR accounted for a big drop versus the US Dollar as a result of the Italian referendum about reforms concerning the composition and the authority of the Italian parliament. The referendum was initiated by the Italian Prime Minister Matteo Renzi. However, almost 60% of the Italian voters said “NO” on the referendum, which […]

Daily Binary Options Analysis for December 2, 2016

EUR/USD The EUR/USD binary option broke its range in bullish direction and confirmed a pattern which resembles an inverted Head and Shoulders chart pattern. The price went above the 3-times tested resistance at $1.0650, creating a 2-week high. The breakout is shown with the red circle on the 4-hourly chart of the EUR/USD binary option. […]

Daily Binary Options Analysis for December 1, 2016

EUR/USD During the last days we have noticed that the EUR/USD binary option is switching from moving downwards to sideways. This is why this time we are taking a closer look at the EUR/USD chart. On the hourly EUR/USD chart we see the recent price behavior inside the range. See that the top of the […]

Daily Binary Options Analysis for November 30, 2016

EUR/USD The EUR/USD binary option switched from decreasing to moving sideways. After the price action has reached the psychological zone around $1.0500 for one Euro, we saw increasing bottoms pattern ( shown with the purple line on the image below. This is the H4 chart of the most traded Forex pair. The green lines show […]

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