Foreign Exchange Market Commentary

Article source: actionforex.com

Foreign Exchange Market Commentary

THE EURO closed slightly higher on Wednesday as it consolidates some of the decline off May’s high. The midrange close sets the stage for a steady to higher opening when Thursday’s night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends the aforementioned decline, the reaction low crossing is the next downside target. Closes above the 20day moving average crossing would confirm that a shortterm low has been posted.

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EURGBP Binary Call Option – May 25th 2015

Binary Options

Article source: investing.com

Today’s Binary Options Trading Strategy:

Currency Pair: EURGBP
• Timeframe: H4 (Hourly Chart)
• Binary Option Trading Recommendation: Seek binary call options on dips below 0.7100
• Upside Potential: The upside potential for this binary call option is 380 pips to 0.7480
• Downside Potential: The downside potential for this binary call option is 100 pips to 0.7000

The EURGBP is nearing the end of its corrective move which took this currency pair from its intra-day high of 0.7483 recorded on May 7th 2015 to its intra-day low of 0.7089 reached today on May 25th 2015. The current intra-day low represents a lower low as compared to its previous intra-day low of 0.7123 which was recorded on May 13th 2015. Downward momentum came to a halt as the EURGBP reached its horizontal support level. At first look, recent price movements could appear random and traders may wonder about option trading secrets. There are no secrets, just a solid analysis and market understanding in order to achieve consistent profitability.

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Foreign Exchange Market Commentary

foreign exchange market

Article source: actionforex.com

Foreign Exchange Market Commentary

THE EURO closed higher on Friday as it extends the rally off April’s low. The highrange close sets the stage for a steady to higher opening when Monday’s night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signalling that sideways to higher prices are possible nearterm. If it extends the rally off April’s low, February’s high crossing is the next upside target. Closes below the 20day moving average crossing would confirm that a shortterm top has been posted.

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