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Daily Binary Options Analysis for September 1, 2016

EUR/USD The downward movement of the EUR/USD binary option was interrupted yesterday. After the pair broke the lower level of the blue bullish corridor, it decreased to the support area around $1.1150. On the hourly chart of the EUR/USD Forex pair we see that the price has stopped the decrease and it is now moving […]

Daily Binary Options Analysis for August 31, 2016

EUR/USD The falling wedge pattern we discussed yesterday on the EUR/USD chart, evolved into a bearish channel. This happens after the binary option broke the lower level of the blue bullish corridor. This could be seen clearly on the hourly chart of the EUR/USD Forex pair. The intensity of the yellow bearish corridor is definitely […]

Daily Binary Options Analysis for August 30, 2016

EUR/USD After breaking through the lower level of the blue bullish corridor, the price started a consolidation. The consolidation resembles a falling wedge chart pattern. The yellow lines on the hourly chart of the EURUSD binary option shows us the falling wedge pattern. As we know, this pattern has the potential to push the price […]

Daily Binary Options Analysis for August 29, 2016

EUR/USD The EUR/USD binary option accounted for a relatively big decrease during the Friday’s trading session. After the price action broke the yellow neck line and confirmed its Head and Shoulders pattern, we saw a bullish correction to the resistance area around $1.1300. The price bounced in bearish direction afterwards. The decrease went beyond the […]

Daily Binary Options Analysis for August 26, 2016

EUR/USD The EUR/USD binary option found resistance at the $1.1300 level. The price was correcting into its yellow bearish channel until it met that resistance in a combination with the upper level of the channel. The H4 chart of the most traded pair shows the price swings in the yellow bearish channel. Now that the […]

Daily Binary Options Analysis for August 25, 2016

EUR/USD The EUR/USD binary option continues the down run. However, the currency has established a bearish channel on the way down and it is currently initiating a correction in bullish direction. This is how the situation looks like: The hourly chart of the EUR/USD shows the swings inside the yellow bearish channel. See that after […]

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