Good morning dear binary options traders. The beginning of the week promises us a lot of events and moments to increase our deposit. Economic news is full of events.
The main news is the lifting of sanctions against Iran. The effect of this news is very large. The price of oil cannot remain indifferent, this can be seen on the chart.
If you are interested in trading oil, now is the right time. Daily forecast for EURUSD. Before the start of trading, you need to understand that news at the beginning of the week comes out often. The market should react to everything that happened at the end of the week.
Therefore, before opening a deal, you need to carefully check the planned economic news. As you can see, the news is not the most important, although we cannot ignore it.
Technical analysis on EURUSD.
As can be seen on the 4-hour period, the price movement is in the final phase, which determines the weakening of the movement. Confirmation on the hourly chart shows that
the price should go up, to the resistance level of 1.095.
The price moves in a triangle, which gives us the opportunity to check and determine the daily trend and trading planning.
Clearly define risk management if the price goes down. Use strategies to trade options, with clear and clear planning. So you can avoid unnecessary losses and increase your profits.
We wish you good luck and positive bidding.
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