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Daily Binary Options Analysis for August 11, 2016

EUR/USD The EUR/USD binary option bounced downwards from its orange bearish trend line from the beginning of May. The price of the pair broke its 2-day pink bullish trend as well as the blue 20-period Simple Moving Average. The decrease continued to the red 50-period SMA, which is the current price location. The H1 chart […]

Daily Binary Options Analysis for August 10, 2016

EUR/USD The bearish move of the EUR/USD binary option was interrupted during the yesterday’s trading session. The pair reached its pink 100-period Simple Moving Average and tested it as a support. However, a breakout did not appear. The price action has been crawling on upper side of the 100-period SMA and after 48 hours the […]

Daily Binary Options Analysis for August 9, 2016

EUR/USD The EUR/USD price continued with the sideways movement toward the red bearish line on the H4 chart. The price is currently testing the area around this level. The black arrow points out the test phase of the EUR/USD binary option. See that the price is also testing the $1.1100 level as a resistance. This […]

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. […]

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