Good morning dear traders. Today we will continue trading on the EURUSD currency pair. Today, there is not much economic news on the market, there are geopolitical news. This will not give the market large amplitudes. We expect quiet trading. With clear support and resistance levels.
We predict work in the channel. However, at the beginning, the price will test the level of 1.117, most likely the support level will be at 1.116. After that, the price will bounce up again to 1.118.
Trades are traded only in these ranges.
If you don’t go into short positions. You can open buy trades after the price reaches the 1.116
target of 1.118
Today we are doing an analysis on a binary options strategy based on the channel and support and resistance lines. Such strategies often work with patterns. The cyclical nature of price changes is based on the general trend of price behavior.
Tagged with: Binary Options Signals
