Binary Options Signals and Forecast for May 2
Many countries are in a festive state, but this does not prevent us from working and looking for binary signals. The main economic news comes out in the Eurozone and America.
There is an opinion that during the holidays, the fluctuation in the price of an asset is less than on a normal day. However, this is not correct, statistics show that the average daily price movement of an asset remains the same.
Forecast for EURUSD:
The movement of the asset is directed downwards. Technical indicators indicate a continuation of the movement in a bearish trend. It is very important to remember that binary options trading differs from forex, or other financial markets, in terms of expiration time. Therefore, long-term analysis is not always relevant for traders.
EURUSD is trading positively. Moving averages are directed horizontally, but further growth is possible. An important level restraining growth is located at 1.1481. Important levels restraining the decline are located at 1.1433 and 1.1377. 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).
Price target at 1.151
Latest Financial Reviews
EUR/USD continues to actively rise in price. The currency pair is holding at the level of 1.14 and retains prospects for further growth. The cost of USD/JPY is near its minimum values, but at the moment it is starting to grow gradually. Gold is trading at its highs. The price of the precious metal stopped at around 1292. There are trends for further growth.
Expected news
For Europe and the United States, reports on the Manufacturing PMI will be published. In Europe, it is also worth paying attention to the speech of ECB President Draghi.
Trading Ideas
EUR/USD is trading positively. Moving averages are directed horizontally, but further growth is possible. An important level restraining growth is located at 1.1481. Important levels restraining the decline are located at 1.1433 and 1.1377. 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 Binary Options Signal
USD/JPY The dollar/yen currency pair (binary asset) is trading positively. The moving averages are pointing upwards, indicating further growth. Important levels restraining growth are located at 106.72 and 107.42. An important level restraining the decline is located at 106.14. 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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