EUR/USD On The Fall – 23rd Nov Binary Technical Analysis


EUR/USD seems to be on the fall now, hitting 1.3326 in the past hour. To see the relevant resistance lines for technical analysis we look back to previous month. These lines can assist binary traders in the next few hours.

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Here are the support and resistance lines the could produce great binary option trading opportunities:

  • Current range: 1.3150 to 1.3868.
  • Further levels in both directions: Below, for PUT Options: 1.3277, 1.3242, 1.3216 and 1.3150
  • Above, for CALL options: 1.3568, 1.3614, 1.3811 and 1.3868.
  • Very important support is still far, at 1.3811. There are many small steps before this point.
  • Very important resistance is at 1.3277, might be relevant in the next few hours.

 

Click here to enlarge the graph.

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These expected market reactions and setups are general market commentary. This is by no means any type of investment advice.

Quick explanations on Binary options trade:

  • CALL options – if the price closes at a higher level than the price you purchased at expiry time, you make 75%. If it closes below, you’re left with 10%.
  • PUT options – if the price closes under the price you purchased at expiry time, you make 75%. If it closes above, you’re left with 10%.

The data for these news events has been analyzed given previous releases and reactions, current market conditions and more. Significant surprises to market consensus, as given by surveys of economists, normally trigger sharp market reactions that proceed for a long period of time. When some events collide with each other, they can offset each other. So, these events aren’t in the list.

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