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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 […]

Daily Binary Options Analysis for July 18, 2016

EUR/USD The EUR/USD price did a new drop during the last trading day of the previous week. After the price reached the resistance at $1.1130, it bounced downwards breaking the support at $1.1100. The price then created an important bottom on the lower level of its recent range. On the H4 chart of the EUR/USD […]

Daily Binary Options Analysis for July 15, 2016

EUR/USD After bouncing in bullish direction from the red bullish trend, the EUR/USD price approached new highs. On the way up the price action broke the psychological level at $1.1100 and it is currently testing the next resistance at $1.1150. We see on the H4 chart of the EUR/USD binary option that the price is […]

Daily Binary Options Analysis for July 14, 2016

EUR/USD The price of the EUR/USD binary option has been increasing during the last trading day. The last top of the Forex pair created a bottom, which assisted in the creation of a bullish trend line (red). The H4 chart of the EUR/USD Forex pair shows the way the price bounces from the red bullish […]

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