Good morning dear traders. Today we will look at the EURUSD and GBPUSD assets. Binary options signals can and should be searched only by strategies for binary options. If you haven’t tested your strategy, it can give a lot of false signals.
It is important to remember that forex strategies must be adapted for binary options, otherwise they will not show the desired result.
Let’s take a look at the main economic news for today:
- 15:30 USD Core Personal Consumption Expenditures Price Index (YoY) (Feb)
- 15:30 USD Core price index of personal consumption expenditures (m/m) (Feb)
- 15:30 USD Balance of foreign trade in goods (Feb)
- 15:30 USD Personal income (m/m) (Feb)
- 15:30 USD Expenses of individuals (m/m) (Feb)
- 15:30 USD Core Personal Consumption Expenditures (MoM) (Feb)
- 17:00 USD Index of pending sales in the real estate market (m/m) (Feb)
- 17:00 USD Index of pending sales in the real estate market (Feb)
- 17:30 USD Dallas Fed Manufacturing PMI (Mar)
- 18:30 USD Auction for placement of 3-month treasury bills
- 18:30 USD Auction for placement of 6-month treasury bills
- 20:00 USD Dallas Fed Personal Consumption Expenditure Index (Feb)
The main news comes out on the US dollar. Therefore, carefully consider trading on the news.
Signal for EURUSD option
The charts show us that we need to prepare for the purchase of a PCI option. Pay attention to the indicators of technical indicators. Bolinger, MACD and RSI show that the market will go down. This can also be assumed from the expected news.
The first price target is :1.116 .
Signal for GBPUSD option
After this news jump, we expect a correction. At least up to 33% of the rise. The target of the correction is up to 1.416.
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