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EUR/USD WITH BINARY OPTIONS DAILY ANALYSIS

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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Markets look to reopen this week in stride. After a liquidity deprived week, things looks to kick off this week with some added volatility. Starting up strong is actually the USD. Surprisingly, after a rather up and down week, the American dollar is pushing higher early in today’s session and is trading near 1.3553 agains the EUR at the moment. The momentum for the forex pair looks promising, to the downside, and binary options traders will likely take due notice and start trading in the direction especially as there seems to be a short term stall in the price action at the time of writing.

For now, binary traders will be looking for a sharp move before heading into the trading arena and according to the dealing room, things have started rather light in volume. This can be seen in forex volume as well as binary options trading volume. After such a long layoff from trading last week, this is to be expected, but the market is moving and could pass you by if you don’t get involved and get involved early. The next support for the EUR/USD is 1.3540 and below this 1.3530.

it’s important to note though, the market has already registered a very localized break of the support at 1.3550 and stretched downwards. But we can’t consider this a full break just yet and as such, taking longer terms options to the downside would be considered a very heavy risk. Taking on such risk so early in the session might be considered a mistake and we would recommend waiting to see as things develop in the coming hours. The real important hours will be those directly after the NY market opening bell. Be prepared for some volatility as a lot of traders step back into the market after the long holiday weekend, itching for a trade and a profitable start to the week.

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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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