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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 […]

Daily Binary Options Analysis for August 24, 2016

EUR/USD The EUR/USD price attempts to resume the bearish move which came after the bounce from the upper level of the blue bullish channel. On the way down, the pair broke the neck line (yellow) of a head and shoulders chart pattern. Now the EUR/USD binary option reached its red 50-period Simple Moving Average as […]

Daily Binary Options Analysis for August 23, 2016

EUR/USD The EUR/USD binary option creates another bullish run after the bearish bounce from the upper level of the blue bullish channel. This created a Head and Shoulder chart pattern inside the bullish channel. In this manner, the yellow line on the H4 chart below plays the role of a neck line for the H&S […]

Daily Binary Options Analysis for August 22, 2016

EUR/USD The EUR/USD price really bounced from the upper level of the blue bullish corridor, as we anticipated. The price started a down run and it is currently below the psychological support at $1.1300 Dollars for one Euro. The H4 chart of the EUR/USD binary option shows the upper and the lower level of the […]

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