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BINARY OPTIONS TRADING WITH THE EUR/USD

EUR/USD 1.06062 00:30 21.02
NZD/USD 0.71666 00:30 21.02
AUD/CAD 1.00763 00:20 21.02
BitCoin/CNY 7290.305 00:00 21.02
AUD/NZD 1.07178 00:00 21.02
NZD/USD 0.71742 00:00 21.02
EUR/AUD 1.37969 00:00 21.02
CAD/JPY 86.436 00:00 21.02
NZD/JPY 81.265 00:00 21.02
AUD/USD 0.76895 00:00 21.02
AUD/JPY 87.098 00:00 21.02
GBP/JPY 141.280 00:00 21.02
EUR/JPY 120.171 00:00 21.02
USD/JPY 113.272 00:00 21.02
EUR/USD 1.06089 00:00 21.02
NZD/JPY 81.332 23:30 20.02
AUD/USD 0.76855 23:30 20.02
AUD/JPY 87.028 23:30 20.02
EUR/JPY 120.162 23:30 20.02
EUR/USD 1.06119 23:30 20.02
USD/JPY 113.238 23:30 20.02
BitCoin/CNY 7186.225 23:00 20.02
AUD/NZD 1.06976 23:00 20.02
NZD/USD 0.71849 23:00 20.02
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Despite a slight move higher for the Nasdaq yesterday, US stocks seemed to slump across the board. The S&P fell 0.28% just as we though that the 1772 resistance level would be broken. Alas, it wasn’t to be and the market fell back down to 1762. There’s still a chance for a break today, but with little no

The EUR/USD, most binary options traders one and only love, looks to break the resistance at 1.3520 today and the chances look rather good. After making a strong move towards the resistance earlier, the market has struggled to set the pace back upwards. But binary options traders should keep a close eye on the moves today in the market. There are a lot of factors pressuring the EUR/USD in both directions and those pressures are mounting. On the one hand, binary traders should be aware that the ECB, the European Central Bank, is now expected to make some policy change tomorrow. This will obviously be a policy change towards a more accommodative stance in monetary terms and this means that it will be a policy change that pushes the EUR lower across all trading pairs. The reason is, the ECB will push interest rates lower either directly or indirectly and this will lower the value of the EUR.

On the other hand, the US is under pressure to see a weaker dollar still. But the pressure on the USD to the upside over the last week or so is not to be discounted. Sure, there are now reports showing that the Federal Reserve is even able to increase the amount of stimulus being shoveled into the markets to the tune of 85 billion per month.

EURUSD with binary options 6-11-2013

So today, binary options traders will want to keep eyes on glass especially on those EUR/USD charts. Any break above 1.3520 will mean more up options for binary traders. However, 1.3515 might make many binary options traders blink. The level is the intraday resistance and represents a strong resistance. It’s actually a more critical break level as compared to the higher 1.3520. A break above 1.3515 may be a better and safer option to take up contracts on today while using 1.3520 as a pivot for reversal strategies. So long as no break is see at 1.3520, then using reversals (down options on each test) might prove to be a very lucrative means of trading. Take into consideration that on the EUR/USD the expiries are 10 and 20 minutes. As such, you can keep trading short term but keep the trades smaller in terms of the investment amount. The reason is that the risk level is certainly elevated with this strategy.

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Adam Stone
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Adam Stone

As COO of GOptions, my first and foremost goal is to provide traders with the most up to date info from the markets. I have been trading the markets since 2004 and have been involved with stocks, binary options, and forex trading since then. I have had no formal market education and pride myself on a self taught approach to everything related to trading. I try to focus though on both the technical and fundamental aspects related to each trading day and bring forward the most important aspects of risk/reward in the market.
Adam Stone
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