Good afternoon dear traders. Today we will determine the trend of market movement for the EUR/USD currency pair. Let’s mark the boundaries for trading and determine where and when we will expect signals for a binary option.
As you can see on the chart, the daily trend signals a change in direction. We will expect an upward movement. However, today we expect a downward movement within the day.
After receiving confirmation on the hourly chart, you can immediately open a
sell trade.
Definition of levels:
- The first target is 31% Fibonacci. The beginning of the movement is calculated from the beginning of the week : Level 1.104
- The second value is 50% Fibonacci. The beginning of the movement is calculated from the beginning of the week : Level 1.103
Pay attention to the economic calendar. When the news is released, the amplitude of movement may increase. However, it will be difficult to make a prediction and get a binary signal to determine the target.
Therefore, if strong movements begin, it is better to change the strategy to trading on the news.
Tagged with: Binary Options Signals • Binary Options Signals • Binary Options Trading Signals
