EUR/USD Trying to rise – 21st Dec Binary Technical Analysis


EUR/USD seems to rise the past day, hitting 1.3199. . These lines can assist binary traders in the next few hours while the EUR/USD is moving in the range 1.2945-1.3246

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

  • Current range: 1.2945 to 1.3246.
  • Further levels in both directions: Below, for PUT Options: 1.3071, 1.2955, 1.2968 and 1.2945
  • Above, for CALL options: 1.3116, 1.3157, 1.3211 and 1.3246.
  • Very important support is still far, at 1.3211. There are many small steps before this point.
  • Very important resistance is at 1.2945, might be relevant in the next few days.

 

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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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