+1 (866)-882-6854
+ 44 203-807-1675
00:38:04 GMT
Black & White


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
We apologize for the inconvenience, registration from your state is disallowed.
By: Adam Stone
August 14th 2014 7:00am GMT, London UK

Today’s Binary Options Trading Strategy:

• Currency Pair: EURCHF
• Timeframe: H4 (Hourly Chart)
• Binary Option Trading Recommendation: Seek call options on dips below 1.2130
• Upside Potential: The upside potential for this call option is 45 pips to 1.2175
• Downside Potential: The downside potential for this call option is 15 pips to 1.2115

The EURCHF has reversed its latest rally which followed a prolonged corrective phase. The most recent reversal took this currency pair from an intra-day high of 1.2177 reached on August 5th 2014 to an intra-day low of 1.2121 reached on August 8th 2014. The preceding correction dropped the EURCHF from an intra-day high of 1.2237 reached on May 20th 2014.


The current reversal from the 1.2177 level has been halted by a descending support level which faced a false breakdown during a capitulation sell-off intra-day low before bouncing higher. Binary options traders can take advantage from the expected continuation of the current bounce with a call option. Today’s binary options trading strategy suggests call options to be placed below 1.2130 for a risk/reward ratio of 1.0/3.00.

The false breakdown which occurred during the capitulation sell-off has created a minor ascending support line which has intersected with the descending support line for a very strong bullish cross which further signals a continuation of the current bounce. The 1.2130 level is an excellent opportunity to enter binary call options in order to profit from the move higher.

The next resistance level for the EURCHF is located at 1.2152 which is the intra-day high reached on August 7th 2014 prior to the false breakdown. This level is also inside a major horizontal resistance level for this currency pair. A successful breakout above the 1.2152 will take the EURCHF back to the previous intra-day high of 1.2177.

The following economic data out of the Eurozone is expected to impact the base currency, the Euro, of the EURCHF currency pair:

Second-Quarter GDP:

• Expectations: Eurozone Q2 GDP expansion of 0.1% for an annualized increase of 0.7%
• Previous Month’s Data: Eurozone Q1 GDP expansion of 0.2% for an annualized increase of 0.9%
• Impact on Euro: Expectations for Q2 GDP are already low, but could surprise to the upside which is expected to rally the Euro from depressed levels which favors call options in the EURCHF currency pair

Consumer Price Index:

• Expectations: Monthly contraction of 0.6% in July, annualized increase of 0.4%, annualized core CPI increase of 0.8%
• Previous Month’s Data: Monthly increase of 0.1% in June, annualized increase of 0.4%, annualized core CPI increase of 0.8%
• Impact on Euro: The European Central Bank is watching inflation data out of the Eurozone closely and any upward surprise in annualized data is expected to cause a rally in the Euro; expectations are very low and prone to an upward surprise
In addition the following economic report out Switzerland is expected to impact the quote currency, the Swiss Franc, of the EURCHF currency pair:

Producer & Import Prices:

• Expectations: Monthly reading of 0.0% for July, annualized contraction of 0.8%
• Previous Month’s Data: Monthly reading of 0.0% in June, annualized contraction of 0.8%
• Impact on Swiss Franc: Today’s producer & import prices are not expected to surprise traders and therefore not impact the Swiss Franc which further favors binary call options in the EURCHF currency pair

Share Button
Adam Stone
Follow me

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
Follow me

Latest posts by Adam Stone (see all)

Start Trading with the most professional mobile platform, always on the GO
Play StoreApp Store