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Daily Binary Options Analysis for November 24, 2016

EUR/USD The price of the most traded binary option, the EUR/USD, keeps decreasing. However, we notice a slowdown in the bottoms during the decrease. Since the bottoms are slowing down, the price action is creating a Falling Wedge chart pattern. The green lines on the H4 chart of the EUR/USD show you the structure of […]

Daily Binary Options Analysis for November 23, 2016

EUR/USD The EUR/USD binary option got out twice from the Rising Wedge chart pattern we were discussing yesterday. This creates the impression that the EUR/USD fall will keep going. The hourly chart of the EUR/USD shows you the couple breakouts through the lower level of the Rising Wedge (red circles). Having in mind the bearish […]

Daily Binary Options Analysis for November 22, 2016

EUR/USD The price of the EUR/USD binary option keeps increasing slightly after the pair met the support at $1.0570 for one Euro. The upward movement sent the price above the bearish line (green), we consider to be a trend. The pair is now testing its pink 100-periond Simple Moving Average as a resistance. However, it […]

Daily Binary Options Analysis for November 21, 2016

EUR/USD The price of the EUR/USD binary option dropped to another low in the $1.0570 and then it returned back. We saw another breakout through the green bearish trend line, which marks the price decrease during the last month. It is important to mention that this is not the first time the price breaks the […]

Daily Binary Options Analysis for November 18, 2016

EUR/USD The price of the EUR/USD binary option did another bearish impulse. Thus, price action switched below the crucial support area around $1.0700. As we were saying during the last couple weeks, this area includes the blue bullish trend, which contains couple tops from 2015, and the already broken red bearish trend, which contains three […]

Daily Binary Options Analysis for November 17, 2016

EUR/USD The EUR/USD binary option created a crucial breakout during the last trading hours. The recent bearish trend line (green) of the Forex pair got broken in bullish direction, indicating an upcoming increase. Above you see the hourly chart of the EUR/USD, which shows the critical support area we were discussing during the last week. […]

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