Good morning dear traders. Today we are looking for a signal for a binary option, according to the strategy of breaking through strong support and resistance levels. To do this, we chose our leader the ERUUSD pair.
Having indicated the Fibonacci levels on the daily chart, we immediately proceed to analyze the four-hour chart. Not forgetting to look at the news calendar.
As we can see, the price moves in a bullish direction
after the release of economic news. However, it should either rest against the level of 1.0700, this level was the support of the 10th. After that, either the price will go down or up.
If the price bounces off the level on the hourly chart, it
will go down accordingly.
Therefore, the binary asset signal on the 18th is valid according to the following scenario.
The movement of the asset upwards to the level of 1.0700, after which it should return to the level of
1.063.
Tagged with: Binary Options Signals • Binary Options Signals • Binary Options Trading Signals
