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Daily Binary Options Analysis for July 26, 2016

EUR/USD The price of the EUR/USD attempts to break the upper level of its red bearish channel, which is inside the bigger blue bearish channel. The price is now above its blue 20-period Simple Moving Average. In this manner, we expect a further increase of the EUR/USD binary option. The H4 chart shows us the […]

Daily Binary Options Analysis for July 25, 2016

EUR/USD The price of the EUR/USD accounted for a decrease through a crucial support level. The price dropped and broke the psychological support at $1.1000 for one Euro. The pair then created a bottom at $1.0950 and started a new increase toward the $1.1000 level, which is now a resistance. Let’s now approach the H4 […]

Daily Binary Options Analysis for July 22, 2016

EUR/USD The EUR/USD price bounced in bullish direction from the psychological support at $1.1000. The created bottom established the lower level of a bearish corridor, which is marked with blue on the chart. You can clearly see the bearish corridor on the H4 chart of the EUR/USD binary option. The red lines on the chart […]

Daily Binary Options Analysis for July 21, 2016

EUR/USD The EUR/USD Forex pair accounted for a new increase after reaching the psychological support at $1.1000 for one Euro. The pair bounced upwards from this level and reached its blue 20-period Simple Moving Average as a resistance. Having this in mind, the recent price action of the EUR/USD binary option resembles a Falling Wedge […]

Daily Binary Options Analysis for July 20, 2016

EUR/USD The EUR/USD price accounted for a decrease during the last trading session. The price dropped to the lower level of its current range at $1.1000 and peaked underneath. This is how the EUR/USD binary option decreased to a 3-week low. See that the recent price action on the 4-hour chart of the EUR/USD resembles […]

Daily Binary Options Analysis for July 19, 2016

EUR/USD The price of the EUR/USD bounced from the lower level of its symmetrical triangle. However, the price did more of a sideways movement rather than an increase. The EUR/USD binary option is currently testing its 20, 50, and 100-period Simple Moving Averages on the H4 chart as a resistance. See that the three lines […]

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