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BINARY OPTIONS TRADING WITH THE EUR/USD

AUD/NZD 1.04022 22:00 08.12
NZD/USD 0.71742 22:00 08.12
EUR/AUD 1.42191 22:00 08.12
CAD/JPY 86.453 22:00 08.12
NZD/JPY 81.794 22:00 08.12
AUD/USD 0.74632 22:00 08.12
AUD/JPY 85.108 22:00 08.12
GBP/JPY 142.981 22:00 08.12
EUR/JPY 120.983 22:00 08.12
USD/JPY 114.031 22:00 08.12
EUR/USD 1.06086 22:00 08.12
NZD/JPY 81.771 21:30 08.12
AUD/USD 0.74627 21:30 08.12
AUD/JPY 85.084 21:30 08.12
EUR/JPY 121.015 21:30 08.12
EUR/USD 1.06141 21:30 08.12
USD/JPY 114.011 21:30 08.12
WELLS FARGO 57.285 21:00 08.12
USD/CHF 1.01627 21:00 08.12
TOYOTA (US) 122.740 21:00 08.12
SONY 29.155 21:00 08.12
SILVER 17.011 21:00 08.12
GOLD 1170.838 21:00 08.12
COLGATE-PALMOLIVE 65.695 21:00 08.12
FIAT CHRYSLER 8.46 21:00 08.12
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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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