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Daily Binary Options Analysis for August 8, 2016

EUR/USD The price decrease of the EUR/USD continues. The drop appeared after the EUR/USD binary option reached its orange bearish trend line. As you see, the increase was finished after the price met the interaction point of the orange bearish trend and the $1.1230 resistance. The price has been decreasing ever since. The last two […]

Daily Binary Options Analysis for August 5, 2016

EUR/USD The decrease of the EUR/USD continued to the $1.1130. After the price reached this level, it found a relatively strong support. On the H1 chart of the EUR/USD binary option we now see that the pair attempts to reverse its price action. The green bearish line on the chart puts an outline of the […]

Daily Binary Options Analysis for August 4, 2016

EUR/USD The EUR/USD price broke its Rising Wedge chart pattern in bearish direction. The breakout confirmed the wedge and initiated a price reversal. The EUR/USD binary option then decreased through the $1.1200 support and brought the most popular Forex pair to the support level at $1.1130. This is the current location of the EUR/USD price. […]

Daily Binary Options Analysis for August 3, 2016

EUR/USD The EUR/USD price broke through the psychological resistance at $1.1200. The bullish run continued to the next resistance at $1.1230. Then the EUR/USD binary option bounced downwards from this level. On the 4-hour chart we notice that the price increase to the $1.1230 resistance resembles a Rising Wedge chart pattern. After the bounce from […]

Daily Binary Options Analysis for August 2, 2016

EUR/USD The price of the EUR/USD confirmed a bullish tendency after finishing its last range. The price bounced from a level creating the third bottom the blue bullish trend line on the H4 chart: Here we see that the EUR/USD binary option is approaching again the resistance at $1.1200 for one Euro. Now, the price […]

Daily Binary Options Analysis for August 1, 2016

EUR/USD The EUR/USD price broke through the psychological resistance at $1.1100 and the $1.1130 level. This way the pair increased to the next psychological resistance at $1.1200 for one Euro. After meeting the $1.1200 level, the EUR/USD binary option bounced downwards, demonstrating hesitation. The H4 chart of the EUR/USD shows the rapid price increase to […]

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