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By: Adam Stone
June 26th 2014 9:26am GMT, London UK

Binary options traders start the day with the optimism and looks to push everything upwards in the day ahead. Most of the good vibes are directly due to the positive news we’ve been getting from the US financial markets as well as economic news that has aided in the push higher. With a seeming lull in concern fueled negativity over the strife in Iraq, binary traders look to find the next big market push that will send either the indices or a forex pair to the next high.

For the S&P, binary traders probably had no chance of taking advantage of the quick move higher the index made yesterday. The market for the index finished just below the all time high. But it’s not likely to reach this level again today. So instead, binary options traders may refocus on the forex pairs which are no less interesting.

For starters the EUR/USD, the perennial favorite for binary options traders and amasses an amazing 70% in volume traded daily, is heading towards the resistance level at 1.3649. It was reached yesterday however very briefly. We mentioned in yesterday’s analysis that the level was likely to be used in reversal strategies, and that was likely the most profitable of all possible scenarios for binary options traders. The level is still a very strong resistance and likely to be tested once again sometime over the course of the coming 12 hours. So be ready to take full advantage today as the level is at least tested later today. You can view yesterday’s goptions binary options analysis and review by clicking here.

EURUSD with binary options 26-6-2014

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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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