Good afternoon dear traders.
Today we will consider only technical analysis to determine the price movement of the EURUSD asset.
The binary options strategy used to make a decision and generate a signal for option trading is based on stochastic readings. We are looking for areas to prepare for the transaction. Not paying attention to the news.
The 1.127 level is a critical resistance level from which the price should bounce down. Thus, we are preparing for short positions (Buying a PUT option). This level was not broken on the 24th.
The stochastic indicator shows overbought at both 4 o’clock and 1 o’clock. This means that we are on a wave change.
Trades are opened only downwards, to the level of 1.12. After that, you need to make a new forecast.
Pay attention to the fact that the market shows high volatility. This means that you can trade on No Touch options.
Have a great trading day!
Tagged with: Binary Options Signals
