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Daily Binary Options Analysis for January 31, 2017

EUR/USD The EUR/USD binary option attempts to establish a bearish channel after the breakout through the lower level of the Rising Wedge chart pattern. After breaking the Wedge in bearish direction, the price action started creating Descending Tops and Descending Bottoms on the chart. This behavior created the orange bearish channel you see on the […]

Daily Binary Options Analysis for January 30, 2017

EUR/USD The EUR/USD price returned to the lower level of the already broken Rising Wedge chart pattern for a resistance test. The price bounced in bearish direction afterward, switching from the lower side of the support at $1.0700. Above you see the H1 chart of the EUR/USD Forex pair, showing you the moment of the […]

Daily Binary Options Analysis for January 27, 2017

EUR/USD The Rising Wedge pattern on the EUR/USD charts got broken in bearish direction as expected. The followed decrease was relatively sharp and walked the EUR/USD binary option through the support at $1.0700. Above you see the H1 chart of the EUR/USD binary option, where in the red circle you can spot the breakout through […]

Daily Binary Options Analysis for January 26, 2017

EUR/USD We keep observing the price action of the EUR/USD binary option inside the blue Rising Wedge chart pattern on the H4 chart. After reaching the $1.0770 resistance, the price bounced from the upper level of the Wedge and started a move toward the lower level of the pattern. The H4 chart of the EUR/USD […]

Daily Binary Options Analysis for January 25, 2017

EUR/USD The price of the EUR/USD did another swing to the lower level of the blue Rising Wedge chart pattern that has been forming since the beginning of 2017. Now the price action is even further into the Wedge, which implies that a breakout could be seen soon. The black arrow on the H4 chart […]

Daily Binary Options Analysis for January 24, 2017

EUR/USD The EUR/USD binary option is still located at the upper level of the Rising Wedge pattern we have been discussing during the last few weeks. The price action has been testing the upper level of the wedge for a second consecutive day. Above we have the H4 chart of the EUR/USD. The black arrow […]

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