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EURUSD BINARY CALL OPTION – DECEMBER 22ND 2014

FTSE F-DEC16 6745.750 08:00 06.12
USD/RUB 63.806 08:00 06.12
USD/CHF 1.00590 08:00 06.12
OIL-FEB17 (BRENT) 54.685 08:00 06.12
COPPER-NOV16 2.6553 08:00 06.12
NZD/CHF 0.71775 08:00 06.12
CAD/CHF 0.75864 08:00 06.12
NZD/USD 0.71357 08:00 06.12
EUR/AUD 1.44544 08:00 06.12
CAD/JPY 85.854 08:00 06.12
AUD/USD 0.74454 08:00 06.12
AUD/JPY 84.756 08:00 06.12
GBP/USD 1.27552 08:00 06.12
VTB BANK 0.068930 08:00 06.12
TENCENT HOLDINGS 190.150 08:00 06.12
ROSNEFT' 350.875 08:00 06.12
GOLD VS SILVER 69.8109 08:00 06.12
EUR/GBP 0.84379 08:00 06.12
OIL-JAN17(WTI CRUDE) 51.435 08:00 06.12
SILVER 16.805 08:00 06.12
GOLD/EUR 1090.185 08:00 06.12
GOLD 1173.311 08:00 06.12
NASDAQ F-DEC16 4779.125 08:00 06.12
GOLD VS OIL 21.4558 08:00 06.12
USD/CAD 1.32590 08:00 06.12
S.BANK INDIA 259.675 08:00 06.12
AXIS BANK 460.725 08:00 06.12
TATA STEEL 414.100 08:00 06.12
TATA MOTORS 443.150 08:00 06.12
NIFTY F-OCT16 8181.500 08:00 06.12
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By: Adam Stone
December 22, 2014 6:00am GMT, London UK

Today’s Binary Options Trading Strategy:

• Currency Pair: EURUSD
• Timeframe: H4 (Hourly Chart)
• Binary Option Trading Recommendation: Seek binary call options on dips below 1.2250
• Upside Potential: The upside potential for this binary call option is 280 pips to 1.2530
• Downside Potential: The downside potential for this binary call option is 150 pips to 1.2100

The EURUSD has been caught in a severe corrective phase after it reached its intra-day high of 1.2570 on December 16th 2014. The Euro was pressured lower despite a series of better than expected economic reports out of the Eurozone. Price action is expected to adjust to the data in the coming week. The strong move to the downside recorded an intra-day low of 1.2210 today on December 22nd 2014 from where this currency pair bounced higher. The EURUSD is expected to reverse its current corrective phase and challenge its most recent intra-day high.

Price action is now trading inside its horizontal support level where this currency pair has stabilized. The EURUSD is anticipated to attempt a breakout above its horizontal support level and accelerate to the upside. Binary options traders can profit from the expected breakout with binary call options. Today’s binary options trading strategy suggests call options to be placed on dips below 1.2250 for a risk/reward ratio of 1.0/1.87.

The EURUSD saw volatility decrease with its move to the downside, but is expected to spike as the EURUSD is trading at a crucial support area. Sellers could attempt to force a breakdown below this area in order to extend the corrective phase and set a lower low. Given the overall better than expected economic data out of the Eurozone a breakdown is unlikely to be sustained and buyers are anticipated to force a price action reversal. This favors binary call options in the EURUSD currency pair.

The EURUSD will run into its first resistance level at its intra-day high of 1.2302 which was reached on December 19th 2014. This level has previously halted a move to the upside and pushed this currency pair into its current intra-day low. A breakout above this level will take the EURUSD into its intra-day low of 1.2370 which was reached on December 11th 2014. The next resistance level awaits the EURUSD at its descending resistance level around the 1.2440 mark. The final resistance level is located at its intra-day high of 1.2570 which was recorded on December 16th 2014.

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

Eurozone Consumer Confidence for the month of December:

• Expectations: A reading of -11.0 is expected for the month of December
• Previous Report’s Data: A reading of -11.6 was reported in the month of November
• Impact on the Euro: The anticipated improvement in Eurozone consumer confidence is likely to pressure the Euro to the upside which favors binary call options in the EURUSD currency pair

In addition the following economic report out of the United States is expected to impact the quote currency, the US Dollar, of the EURUSD currency pair:

Chicago Federal Reserve National Activity Index for the month of November:

• Expectations: A reading of 0.25 is expected for the month of November
• Previous Report’s Data: A reading of 0.14 was reported for the month of October
• Impact on the US Dollar: The expected increase in the Chicago Federal Reserve National Activity Index is likely to disappoint and follow other regional disappointments which pressured the US Dollar to the downside; this favors binary put options in the EURUSD currency pair

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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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