Good afternoon dear traders, today we will consider trading on the EUR/USD currency pair.
As usual, we start with the study of economic news, to prepare for trading. Today, there is a lot of news that can cause fluctuations in the market.
It is very important to note that the market for the asset does not show strong activity, and the range of price changes is small. This may mean that the news is important and traders are waiting for the real numbers to come out.
One of the news is the FOMC statement:
The U.S. Federal Reserve Committee holds a conference where the report is read, which is the main way to communicate with investors. The conference is held 8 times a year and displays the results of the committee’s vote on interest rates and other factors. Comments on the conditions that influenced the vote are also published.
If the statement is more hawkish than expected, then it is usually good for the US dollar.
According to the binary options strategy, we see an upward movement. The border is at the level of 1.108. This is the level of the 22nd, as the line was support.
Signal to buy an option to 1.108.
When a large amount of news is released, it is better to trade on the strategy of trading binary options on the news. This will reduce risks and increase profits.
Tagged with: Binary Options Signals • Binary Options Signals • Binary Options Trading Signals
