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NEW BINARY WEEK! NEW OPPORTUNITIES!

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By: Adam Stone
June 30th 2014 5:26am GMT, London UK
 

Binary options trading weeks start on highs and start on lows. This week, it’s a bit harder to tell how to really see the current trends as a global phenomenon. Of course, US stock markets are on the up and up and looking to possibly carry on the momentum. This is especially true considering the slight gain made on Friday coupled with this morning’s slight push higher by Asian stocks. It could all lead up to a move higher in Europe today. The whole idea is that the markets in the US will feed off of this positive energy and head higher again today. A new record high for the S&P will only spur more buyers into the market and further push down any advancing concern about a wider correction.

Things are working in reverse though for the USD. As the markets in the US keep getting hotter with new and higher record levels, the USD is slowly creeping lower. The EUR/USD is now trading near 1.3641 and looking to keep pushing higher. The issue with the EUR/USD forex pair is now the resistance at 1.3650 which is constantly under pressure but of late completely unbreakable. It looks as though the resistance level is not going to be broken again today but binary options traders starting this week and looking for opportunities should do anything but discount a possible reversal strategy here.

Any move towards the resistance will likely bring out some negativity and more importantly reversal strategists will take down options and make potentially large profits for the day ahead. Make sure to take the breaks as they comes as well.

EURUSD with binary options 30-6-2014

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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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