Good afternoon dear traders. The beginning of the week always shows the reaction or correction of the previous week. You can see the movement on the main binary assets. The EURUSD pair shows a bullish correction. We can see this in all indicators, technical analysis.
A four-hour chart shows the direction accurately.
Our recommendations.Trading only to buy a
CALL
asset. To the level of 1.127. After reaching this level, the correction may end.
News from uTrader
EUR/USD continues to hold at the level of 1.12 and is currently trading in a narrow corridor. The further movement of the chart is not determined. USD/JPY rose to 111, but is now starting to gradually decline in price. There are prospects for further decline. Gold is still trading in a narrow corridor near the level of 1233. A further decline is possible.
Expected news
Today, important statistics for Europe and the United States are expected. For Europe, we recommend paying attention to the German lFO Business Climate Index. For the United States, a report on New Home Sales will be published. Data on both reports are expected better than the previous ones and may have a positive impact on the value of currencies.
Trading Ideas
EUR/USD It is traded in a narrow corridor. Moving averages are directed horizontally, but further growth is possible. Important levels restraining growth are located at 1.1247 and 1.1281. An important level restraining the decline is located at 1.1218. From the resistance levels, we can consider the opening of binary options for a fall (put options), and from the support levels, we can consider the opening of binary options for an increase (call options).
USD/JPY The dollar/yen currency pair is trading negatively. Moving averages are directed horizontally, but further decline is possible. An important level restraining growth is located at 111.88. Important levels restraining the decline are located at 111.04 and 110.28. From the resistance levels, we can consider the opening of binary options for a fall (put options), and from the support levels, we can consider the opening of binary options for an increase (call options).
GOLD Gold is traded in a narrow corridor. Moving averages are directed horizontally, but further decline is possible. Important levels restraining growth are located at 1234 and 1247. An important level restraining the decline is located at around 1227. From the resistance levels, we can consider the opening of binary options for a fall (put options), and from the support levels, we can consider the opening of binary options for an increase (call options).
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