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EUR/USD WITH BINARY OPTIONS DAILY ANALYSIS

WELLS FARGO 58.345 17:30 22.02
OIL-APR17 (BRENT) 55.785 17:30 22.02
TOYOTA (US) 114.260 17:30 22.02
COLGATE-PALMOLIVE 73.085 17:30 22.02
FERRARI 65.855 17:30 22.02
TSX 60 936.300 17:30 22.02
NZD/CAD 0.94522 17:30 22.02
ALIBABA 104.995 17:30 22.02
BOEING 175.425 17:30 22.02
PFIZER 33.705 17:30 22.02
AUD/USD 0.76870 17:30 22.02
AUD/JPY 87.211 17:30 22.02
GBP/USD 1.24415 17:30 22.02
EUR/USD 1.05560 17:30 22.02
GENERAL ELECTRIC 30.305 17:30 22.02
S&P 500 2362.140 17:30 22.02
JP MORGAN CHASE 90.965 17:30 22.02
METRO AG 29.860 17:30 22.02
SILVER 17.993 17:30 22.02
AIG 64.085 17:30 22.02
GOLD VS OIL 22.1128 17:30 22.02
OIL-MAR17(WTI CRUDE) 53.980 17:30 22.02
USD/CAD 1.31958 17:30 22.02
FTSE MIB F-MAR17 18867.500 17:30 22.02
GOLD 1233.564 17:30 22.02
DOW 20760.31 17:30 22.02
TELEFONICA 9.354 17:30 22.02
AUD/CAD 1.01435 17:30 22.02
DOLLAR INDEX-MAR17 101.390 17:30 22.02
3M 185.110 17:30 22.02
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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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