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Daily Binary Options Analysis for May 16, 2016

EUR/USD The EUR/USD Forex pair did a major decrease during the last three trading days. The price first tested the already broken red 50-period Simple Moving Average and bounced downwards. On the way down, the EUR/USD broke the blue 20-period SMA and the $1.1380 support in a combination with the pink 100-period SMA. Above we […]

Daily Binary Options Analysis for May 13, 2016

EUR/USD The EUR/USD currency pair did a crucial breakout in bearish direction. A week ago the pair interrupted its bullish trend line and entered a consolidation phase around its hourly 20, 50 and 100-period Simple Moving Averages. Above you see the H1 chart of the EUR/USD binary option. The black circle shows the breakout through […]

Daily Binary Options Analysis for May 12, 2016

EUR/USD The general EUR/USD price move was bullish yesterday. The price has increased to the area of the psychological 1.1450 resistance. However, at the end of the yesterday’s trading day the EUR/USD started a decrease which lasts until today. On the hourly graph of the EUR/USD binary option we see the moment when the price […]

Daily Binary Options Analysis for May 11, 2016

EUR/USD The biggest Forex pair keeps holding the sideways movement in the area around $1.1380. On the hourly chart of the EUR/USD option we see that the price is already outside the pink Falling Wedge chart pattern. Notice that the wedge got broken upwards and then downwards. Then a new price increase appeared. The blue […]

Daily Binary Options Analysis for May 10, 2016

EUR/USD The sideways movement by the EUR/USD Forex pair continues. Yesterday, the biggest Forex pair did couple important breakouts. On the H1 chart of the EUR/USD binary option we see these two breakouts marked with red arrows. The first breakout comes with the price switching below the $1.1380 support. Notice that the price records lower […]

Daily Binary Options Analysis for May 9, 2016

EUR/USD The EUR/USD has decreased to the psychological support at 1.1380 on Thursday. Since then the pair has been crawling on this level, demonstrating a ranging move. We saw three tests on this support level until today. Couple of hours ago, the EUR/USD touched the 1.1380 support again. Above you see the hourly chart of […]

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