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Daily Binary Options Analysis for February 8, 2017

EUR/USD The price of the EUR/USD binary option continues the decrease in price. A few hours ago we saw the price action switching below the psychological level at $1.0650, setting a 9-day low. This happens after the price of the EUR/USD broke the lower level of the blue bullish channel (red circle) which was followed […]

Daily Binary Options Analysis for February 7, 2017

EUR/USD The price of the EUR/USD binary option did a sharp decrease in the lower level of the blue bullish channel we have been following during the last one month. The decrease continued further, and the price action went through the psychological support at $1.0700. On the H1 chart of the EUR/USD, we now see […]

Daily Binary Options Analysis for February 6, 2017

EUR/USD The price of the EUR/USD is moving again toward the lower level of the bullish channel that was followed during the last month. As a result, the price action is currently located on the support at $1.0740. On the H4 chart of the EUR/USD, we have marked the current price move and the potential […]

Daily Binary Options Analysis for February 3, 2017

EUR/USD The EUR/USD binary option succeeded to bounce from the psychological resistance at $1.0800. The price action initiated a bearish run, which reached the previous bottom on the chart. As a result, the price action outlined a Double Top chart pattern. The H1 chart of the EUR/USD shows the Double Top chart pattern with green. […]

Daily Binary Options Analysis for February 2, 2017

EUR/USD The EUR/USD price action expanded again above its resistance at $1.0800 reaching a fresh 2-month high. However, despite the high reached, the price action is still hesitating in this area. Therefore, we cannot still confirm a breakout through the $1.0800 resistance. On the H1 chart of the EUR/USD binary option, we see the 2-month […]

Daily Binary Options Analysis for February 1, 2017

EUR/USD The EUR/USD price action created another increase, which sent the price action above the last top at $1.0770 reaching a 2-month high at the psychological resistance at $1.0800. We have been discussing a Rising Wedge chart pattern during the last few weeks. Recently we confirmed the breakout through the lower level of the Wedge. […]

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