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EURUSD BINARY CALL OPTION – APRIL 14TH 2015

USD/MXN 19.871 17:00 24.02
WELLS FARGO 57.525 17:00 24.02
USD/CHF 1.00555 17:00 24.02
OIL-APR17 (BRENT) 56.105 17:00 24.02
TOYOTA (US) 113.725 17:00 24.02
SONY 30.865 17:00 24.02
COLGATE-PALMOLIVE 73.005 17:00 24.02
FIAT CHRYSLER 10.74 17:00 24.02
LOCKHEED MARTIN 263.670 17:00 24.02
FERRARI 64.920 17:00 24.02
TSX 60 919.950 17:00 24.02
NZD/CHF 0.72402 17:00 24.02
CAD/CHF 0.76719 17:00 24.02
ALIBABA 102.105 17:00 24.02
BOEING 177.215 17:00 24.02
NZD/USD 0.72003 17:00 24.02
BANK OF AMERICA 24.145 17:00 24.02
CAD/JPY 85.655 17:00 24.02
AUD/USD 0.76799 17:00 24.02
AUD/JPY 86.220 17:00 24.02
GBP/USD 1.24984 17:00 24.02
EUR/USD 1.05800 17:00 24.02
GENERAL ELECTRIC 29.945 17:00 24.02
EUR/CHF 1.06391 17:00 24.02
S&P 500 2357.320 17:00 24.02
DOLLAR INDEX-MAR17 100.983 17:00 24.02
3M 186.885 17:00 24.02
CITIGROUP VS AIG 0.93773 17:00 24.02
CITIGROUP VS JP MORGAN CHASE 0.66142 17:00 24.02
MASTERCARD 110.390 17:00 24.02
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By: Adam Stone
April 13th, 2015 6:09am 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 1.0600
• Upside Potential: The upside potential for this binary call option is 400 pips to 1.1000
• Downside Potential: The downside potential for this binary call option is 135 pips to 1.0465The EURUSD is stabilizing inside of its horizontal support level after a strong corrective phase took this currency pair from its intra-day high of 1.1036 which was reached on April 6th 2015 to its intra-day low of 1.0520 recorded yesterday on April 13th 2015. The intra-day high represented a lower high as compared to its previous intra-day high of 1.1052 which was reached on March 26th 2015. A descending resistance level formed as a result. The EURUSD started to bounce off of its current intra-day low and is expected to move to the upside.

EURUSD Binary Options Trading Analysis

Price action is now trading inside of its horizontal support level from where further downward momentum is being depleted. The EURUSD is anticipated to breakout and accelerate to the upside until it will reach its horizontal resistance level. Binary options traders can benefit from the expected breakout with binary call options. Today’s binary options trading strategy suggests call options to be placed on dips below 1.0600 for a risk/reward ratio of 1.0/2.96.

Volatility decreased during the sharp corrective phase, but an increase in volatility is expected as the EURUSD is trading near multi-year lows. Buyers and sellers are set to square off inside of a very crucial support level. The current intra-day low represents a higher low as compared to its previous intra-day low of 1.0462 recorded on March 13th 2015 and an ascending support level formed. Sellers are likely to attempt a breakdown below this level in order to test the March 13th low. Buyers are favored to successfully breakout above its horizontal support level and accelerate back into its horizontal resistance level.

The EURUSD will face its first resistance level at its intra-day high of 1.0684 which was recorded on April 10th 2015.This level marked the high of a minor bounce higher prior to dropping to its current intra-day low. A breakout above this level will take the EURUSD to its next resistance level at its intra-day high of 1.0888 which was reached on April 8th 2015. The final resistance level is located at its descending resistance level around the 1.1000 mark which is located inside of its horizontal resistance level.

The following economic data out of the Eurozone is expected to impact the base currency, the Euro, of the EURUSD currency pair:
Eurozone Industrial Production for the month of February:
• Expectations: A monthly increase of 0.4% is expected for February, an annualized increase of 0.8%
• Previous Announcement: A monthly contraction of 0.1% was reported in January, an annualized increase of 1.2%
• Impact on the Euro: The expected monthly increase in industrial production out of the Eurozone may suffice to apply upward pressure on the Euro; this 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:
Advanced Retail Sales for the month of March:
• Expectations: An increase of 1.0% is expected in the month of March
• Previous Report’s Data: A contraction of 0.6% was reported in the month of February
• Impact on the US Dollar: The anticipated increase in advanced retail sales out of the US may not be strong enough to support a stronger US currency which favors binary call 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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