Topic: GrowBinary - Market Analysis and News

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Here you can find Market Analysis of Currencies, Indexes, Metals, Oil and others.

We hope that this information will be helpful for your trading.

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GrowBinary
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Re: GrowBinary - Market Analysis and News

EUR/CAD posing to move higher today.

EUR/CAD is heading higher supported by sharp trend line and upbeat price action. We suppose that price will manage to test recent high at 1.4600 today but first it needs to break 1.4575 resistance level. What we see now is an ascending triangle that is emerging and it is nearly completed.

http://i1148.photobucket.com/albums/o568/onestore40/GB_1708_EURCAD_zpsqh1colmy.png


An aggressive strategy would assume CALL option right above trend line.

Cautious stance would require confirmation which would be a resistance 1.4575 breakout.

Remember to give an option enough time so the price could make the move - usually for Price Action it would be 2-3 candles.

For more in depth Research & Analysis please visit GrowBinary.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

GrowBinary
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Re: GrowBinary - Market Analysis and News

EUR/AUD on its way up while risk aversion increases

EUR/AUD currency pair moves higher in today's trading amid speculations over Chinese slowdown. Chinese stock exchange made another slump during Asia session.

Pair seems to break downward trend line (correction) and to resume previous trend.

http://i1148.photobucket.com/albums/o568/onestore40/GB_1808_EURAUD1_zpsfkrdp11s.png

Aggressive CALL option would take place immediately for next 2-3 hours or till the rest of the day.

Cautious CALL option would take place right after resistance 1.5100 is broken.


For more in depth Research & Analysis please visit GrowBinary.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

GrowBinary
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Re: GrowBinary - Market Analysis and News

EUR/CAD heading lower after more offers comes to play

EUR/CAD currency pair is heading lower after sharp reaction to offers sitting around resistance at 1.4440. Price have broken an ascending trendline before yesterday and went into sharp decline yesterday. We predict that bears will prevail also today draging price lower - maybe to next major support area around 1.4300/30.

http://i1148.photobucket.com/albums/o568/onestore40/GB_1908_EURCAD_zpsxegmxxfr.png


We think that PUT option between 1.4400 and 1.4440 with end-of-day expiry will be appropriate to benefit from current sentiment.

http://i1148.photobucket.com/albums/o568/onestore40/GB_1908_EURCAD_option_zpsyu3lcshq.png


For more in depth Research & Analysis please visit GrowBinary.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

GrowBinary
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Re: GrowBinary - Market Analysis and News

FOMC minutes to be affirmative for bulls on Dollar/Yen

Later today at GMT 7:00 p.m. FOMC minutes will be released and traders will look for confirmation that Fed's monetary policy is heading to near time rate hike. Though Chinese economy seems to have difficulties we expect FOMC minutes to turn affirmative and to support USD against major currencies.

http://i1148.photobucket.com/albums/o568/onestore40/GB_1908_USDJPY_zpsno2wrry8.png

1/ We think that this event might be an opportunity for traders who are looking for further rise on USD/JPY within an ascending channel above 124.50 - CALL option.

2/ However, violent break south below 124.00 should be perfect opportunity for very short term PUT options until price will hit 123.00 demand area.

http://i1148.photobucket.com/albums/o568/onestore40/GB_1908_USDJPY_option_zpsmx5jzzaw.png

For more in depth Research & Analysis please visit GrowBinary.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

GrowBinary
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Re: GrowBinary - Market Analysis and News

GBP/USD: is this really an upward breakout?

Cable seems to broke out of a triangle shaped range where price was locked for about 10 days below 1.5660/70 resistance level. This event should spur plenty of demand that is accumulating in the big ascending channel.

Yesterday's FOMC minutes turned out to be dovish for US Dollar and in the meanwhile Pound became a 'first-to-hike' currency, at least for some economists.

http://i1148.photobucket.com/albums/o568/onestore40/GB_2008_GBPUSD_zpsnlppxouc.png

Currently, we see opportunities for 'end-of-day' or next day expiry CALL options as GBP/USD price targets 1.5775/90 with possible extension to 1.5900.

http://i1148.photobucket.com/albums/o568/onestore40/GB_2008_GBPUSD_option_zps5fymrzym.png

For more in depth Research & Analysis please visit GrowBinary.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

GrowBinary
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Re: GrowBinary - Market Analysis and News

EUR/USD gone high and extended with resistance ahead.

EUR/USD pair hits major mid-term resistance today being pretty extended as a great NY-London overlap is at its peak and today's range equals 113 pips already. We have spotted false breakout with long week to the topside that may be signal of upcoming long-squeeze as London session is going to be over in 67 minutes.

http://i1148.photobucket.com/albums/o568/onestore40/GB_2008_EURUSD_zpszvlke9ac.png


We expect that 3-4 hours PUT option is appropriate to profit from price fading today's gains once London session is over. 1.1190 - 1.1205 seem perfect for strike.

For more in depth Research & Analysis please visit GrowBinary.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

GrowBinary
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Re: GrowBinary - Market Analysis and News

USD/CHF numerous short term opportunities today.

We expect a numer short term opportunities on USD/CHF today as the pair from both sides reacts to the global sell off on equity markets. Asian, American and European stocks are deep in red territory and chances that Fed will hike rates anytime soon are getting lower each and every day. Moreover, risks tied with equities sell off are threatening to become a stock market crash which can cause economic slowdown or even stagnation globally. That fact induces demand for Swiss Franc.

http://i1148.photobucket.com/albums/o568/onestore40/GB_2108_USDCHF_zpspfxqn8y1.png


Adding supply on USD and demand for CHF, we look for numerous downward opportunities on USD/CHF currency pair today and probably in upcoming days.

Each time 15 minutes chart will penetrate downward Ichimoku Kumo cloud or 21/34 EMA channel it will be interesting signal for PUT options. Expiry depends on your horizon - the longer option gives you higher probability of success - preferably end-of-day.

For more in depth Research & Analysis please visit GrowBinary.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

GrowBinary
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Re: GrowBinary - Market Analysis and News

EUR/CAD makes new highs since June last year.

Today sentiment on the market is highly averted from risk supporting euro against USD and commodity currencies as AUD and CAD. As week comes to an end today we expect further flow towards safety provided by the common currency which will support EUR/CAD - the pair is in specific spot at 12 months record high forcing sellers to either hold losers or unwind them adding to bid side.

We suppose that CALL option expiring at 10:00 p.m. is still a good pick here as pair should climb higher approaching trading halt.

http://i1148.photobucket.com/albums/o568/onestore40/GB_2108_EURCAD_zpsbjjbk2xf.png

For more in depth Research & Analysis please visit GrowBinary.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

GrowBinary
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Re: GrowBinary - Market Analysis and News

EUR/USD on the run to 1.1500

Amid stock markets implosion investors are liquidating massive risky trades adding to heavy 'risk off' sentiment. Commodity currencies and USD continue to fall against safe havens like JPY, CHF and EUR.

We expect further euro appreciation towards $1.15 what means another upward move of 50+ pips from today's open. Bulls should be dominating all way down to 1.1375 where we see a short term support for bullish positioning.

http://i1148.photobucket.com/albums/o568/onestore40/GB_2408_EURUSD_zpsvs0uaelk.png


All levels above 1.1375 should be fine for end-of-day CALL options while very short term traders should be careful watching out on a small correction that may last for around 2-4 hours during the day.

http://i1148.photobucket.com/albums/o568/onestore40/GB_2408_EURUSD_option_zpsh24hpqjq.png

For more in depth Research & Analysis please visit GrowBinary.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

GrowBinary
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Re: GrowBinary - Market Analysis and News

USD/CAD makes sharp bounce after rapid correction

USD/CAD pair is in persistent uptrend with still strong US Dollar and Canadian Dollar losing its ground due to plunge in oil prices.

http://i1148.photobucket.com/albums/o568/onestore40/GB_2408_USDCADM30_zps9vcy0szh.png

Technically, our Ichimoku direction indicator points out to potential upside with 1.3170 support in sight. We expect a violent bounce for the higher top.

Even as we write this analysis pair made 30 pips.

http://i1148.photobucket.com/albums/o568/onestore40/GB_2408_USDCADM30_option_zps8o5y6dtp.png

For more in depth Research & Analysis please visit GrowBinary.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

GrowBinary
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Re: GrowBinary - Market Analysis and News

GrowBinary - Market Analysis and News - 27th Aug 2015
By GrowBinary Research & Analysis Team

EUR/USD is to complete AB=CD pattern

EUR/USD pair is heading lower in early London session down from 1.1360 resistance where 61.8% expansion in current correction is placed. This signal leads us to conclusion, that traders are pushing Euro lower towards 1.1250 where 100% expansion of AB will be reached creating CD equal to AB in AB=CD pattern.

http://i1148.photobucket.com/albums/o568/onestore40/GB_2708_EURUSD_zpskul5dacn.png

We expect 2-3 hrs PUT option to be appropriate to profit from this move below 1.1300.

For more in depth Research & Analysis please visit GrowBinary.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

GrowBinary
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Re: GrowBinary - Market Analysis and News

GrowBinary - Market Analysis and News - 28th Aug 2015
By GrowBinary Research & Analysis Team

EUR/CAD bouncing from support on month end flows

Today is the last Friday of the month and day before month end. We expect some appreciation of safe currencies versus commodity currencies on new fears about condition of the Chinese economy.

EUR/CAD currency pair is currently bouncing from support level 1.4800 where 61.8% Fibonacci retracement is present. Direction indicator points to downward direction with significant resistance level at 1.4930 next to 50% Fibonacci retracement.

http://i1148.photobucket.com/albums/o568/onestore40/GB_2808_EURCAD_zpsuuwdhxxz.png

Though we expect month end flows to drive EUR/CAD higher towards 1.5100, we suggest to wait with CALL options for confirmation in shape of 1.4930 break.

Below 1.4800 short term PUT options should be good way to profit from move towards 1.4700 and 1.4650


For more in depth Research & Analysis please visit GrowBinary.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

GrowBinary
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Re: GrowBinary - Market Analysis and News

GrowBinary - Market Analysis and News - 31st Aug 2015
By GrowBinary Research & Analysis Team

USD/JPY is in buoyant tone after recovery in last week

USD/JPY currency pair is doing well after last week's sell off followed by great recovery. On a weekly chart we see great Pinbar which may be somehow confusing while intra-day time frames are suggesting further upward pressure.

We assume bullish movement today in the morning session as well as for the whole day. In such case we recommend CALL options with 1-3 hours expiry as well as end-of-day.

http://i1148.photobucket.com/albums/o568/onestore40/GB_USDJPY_3108_zpskgqxcsht.png

For more in depth Research & Analysis please visit GrowBinary.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

GrowBinary
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Re: GrowBinary - Market Analysis and News

GrowBinary - Market Analysis and News - 01st Sept, 2015
By GrowBinary Research & Analysis Team

USD/CHF is heading higher beating recent peak.

Last week's peak has been conquered on USD/CHF currency pair and we recognize opportunity for further upward move towards 0.9800 resistance level.
For couple next hours as well as for next  couple days CALL options should allow traders to profit from current rally.

http://i1148.photobucket.com/albums/o568/onestore40/GB_3108_USDCHF_zpshhnqqwch.png

For more in depth Research & Analysis please visit GrowBinary.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

GrowBinary
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Re: GrowBinary - Market Analysis and News

GrowBinary - Market Analysis and News - 02nd Sept, 2015
By GrowBinary Research & Analysis Team

GBP/USD makes lower lows being pressured by smart money

Smart money traders are selling Cable to the nuts breaking supports one by one to trigger weak hands' stop orders and not allowing price to retrace for even single higher high. Inability to retrace significantly proves strength of bears and suggest us to use PUT options only in trading GBP/USD today.

http://i1148.photobucket.com/albums/o568/onestore40/GB_209_GBPUSD_zpsqtwi666z.png

Both end of day as well as 2-3 hours expiry PUT options should remain valid. Good resistance areas for today's trading are 1.5340 (still bearish) as well as 1.5400 (risk of reversal).

http://i1148.photobucket.com/albums/o568/onestore40/GB_209_GBPUSD_option_zpssiejr3kj.png


For more in depth Research & Analysis please visit GrowBinary.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

GrowBinary
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Re: GrowBinary - Market Analysis and News

GrowBinary - Market Analysis and News - 02nd Sept, 2015
By GrowBinary Research & Analysis Team

USD/CHF to fade another rally with the day ending

The pair rallied today once again despite forming double top pattern. However, it is quite probable that the price will fade once more regardless weather it will break out or stay within wedge's range. We expect some downward pressure from profit taking as day is coming to an end. If breakout to the upside will come true it will create opportunity for CALL options - most probably tomorrow.

http://i1148.photobucket.com/albums/o568/onestore40/GB_209_USDCHF_zps0jhzyhbe.png

We see PUT options with end-of-day expiry as appropriate to benefit from upcoming correction.

For more in depth Research & Analysis please visit GrowBinary.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

GrowBinary
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Re: GrowBinary - Market Analysis and News

GrowBinary - Market Analysis and News - 03rd Sept, 2015
By GrowBinary Research & Analysis Team

USD/JPY breaking bearish mood looking for another rally.

The pair has bounced back from the bottom at 119.50 rising above 120.00 and flipping our direction indicator to the up side. Currently we expect demand from area 120.30 - 119.90 to support price and induce rally towards 120.70 and possibly higher to 121.25.

http://i1148.photobucket.com/albums/o568/onestore40/GB_309_USDJPY_zpslfv0qmka.png

We recommend 3-4 hours as well as end-of-day CALL options to  benefit on this opportunity.


For more in depth Research & Analysis please visit GrowBinary.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

GrowBinary
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Re: GrowBinary - Market Analysis and News

GrowBinary - Market Analysis and News - 04th Sept, 2015
By GrowBinary Research & Analysis Team

EUR/USD: traders await today's employment data (NFP)

The pair was pretty much flat during today's Asian session as traders await for upcoming BLS release which contains Non-Farm Payrolls as well as unemployment rate readings. It is one of the most important monthly published indicators for US economy, therefore we expect irregular volatility and low liquidity in case of US Dollar currencies. We expect labor indicators to come positive staying close to NFP average of 200k. Anything above 217k forecast will be very bullish at least at the very first moment.

http://i1148.photobucket.com/albums/o568/onestore40/GB_409_EURUSD_zps4i6gwkro.png

Technically, we expect selling pressure to continue below downward Kumo cloud and today's Pivot Point at 1.1150 advising for this currency pair PUT options only.


For more in depth Research & Analysis please visit GrowBinary.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

GrowBinary
Growell your Trading

Re: GrowBinary - Market Analysis and News

GrowBinary - Market Analysis and News - 04th Sept, 2015
By GrowBinary Research & Analysis Team

EUR/USD: traders await today's employment data (NFP)

The pair was pretty much flat during today's Asian session as traders await for upcoming BLS release which contains Non-Farm Payrolls as well as unemployment rate readings. It is one of the most important monthly published indicators for US economy, therefore we expect irregular volatility and low liquidity in case of US Dollar currencies. We expect labor indicators to come positive staying close to NFP average of 200k. Anything above 217k forecast will be very bullish at least at the very first moment.

http://i1148.photobucket.com/albums/o568/onestore40/GB_409_EURUSD_zps4i6gwkro.png

Technically, we expect selling pressure to continue below downward Kumo cloud and today's Pivot Point at 1.1150 advising for this currency pair PUT options only.


For more in depth Research & Analysis please visit GrowBinary.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

GrowBinary
Growell your Trading

Re: GrowBinary - Market Analysis and News

GrowBinary - Market Analysis and News - 07th Sept, 2015
By GrowBinary Research & Analysis Team

Follow the trend on GBP/USD

'Cable' is in obvious  short term and long term downtrend and this coincidence allows us to believe that downward move will continue in next days. We expect Risk/Rewared skewed to the downside with traders targeting 1.5000 and maybe 1.4800.

http://i1148.photobucket.com/albums/o568/onestore40/GB_GBPUSD_709_zpsrqkvis53.png

We suggest end-of-day PUT options from above Pivot Point to join the downtrend and benefit from it.

http://i1148.photobucket.com/albums/o568/onestore40/GB_GBPUSD_709_option_zpslvu4qleo.png


For more in depth Research & Analysis please visit GrowBinary.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

GrowBinary
Growell your Trading

22 (edited by GrowBinary Support 2015-09-08 11:04:56)

Re: GrowBinary - Market Analysis and News

GrowBinary - Market Analysis and News - 08th Sept, 2015
By GrowBinary Research & Analysis Team

NZD/JPY to fade the rally

The pair moved over 120 pips up in today's early trading leaving bears behind and reaching 75.70 resistance area which extends to 76.00. We suppose that this move is not backed with proper volume and therefore will be faded during rest of the day and the rate should reach 75.00 today or tomorrow finding some support there.

http://i1148.photobucket.com/albums/o568/onestore40/GB_NZDJPY_809_zpsdri90uly.png

We suggest PUT options from above 75.50, the closer to 75.70 the better, with the end-of-day expiry.

http://i1148.photobucket.com/albums/o568/onestore40/GB_809_NZDJPY_option_zpsfid1dlpt.png

For more in depth Research & Analysis please visit GrowBinary.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

GrowBinary
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Re: GrowBinary - Market Analysis and News

GrowBinary - Market Analysis and News - 08th Sept, 2015
By GrowBinary Research & Analysis Team

GBP/USD is heading lower sold from 1.5400

The pair bounced lower after wild a rally that hit 1.5400 offers today. We expect that the rate will resume downtrend fading the whole upward move today and tomorrow. W think that the first target of 1.5300 will be reached until current day ends while another target 1.5250/1.5200 will be met tomorrow.

http://i1148.photobucket.com/albums/o568/onestore40/GB_809_GBPUSD_zpsprrwvsid.png

We advise PUT options with end-of-day expiry for today all above 1.5350 - the closer to 1.5400, the better.

http://i1148.photobucket.com/albums/o568/onestore40/GB_809_GBPUSD_option_zpsfrvclsmh.png


For more in depth Research & Analysis please visit GrowBinary.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

GrowBinary
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Re: GrowBinary - Market Analysis and News

GrowBinary - Market Analysis and News - 09th Sept, 2015
By GrowBinary Research & Analysis Team

AUD/USD locked in 80 pips range.

The pair hit the key resistance level at 0.7070 after strong rally from last two days. The price went back above 0.7000 barrier with ease. Now we expect rate to stay above 0.7000/0.6980 while moving sideways below 0.7070.

As for now we see PUT options in play between 0.7050/70. However, potential break above 0.7070 will be good opportunity for CALL options as price should reach 0.7125 quickly.

http://i1148.photobucket.com/albums/o568/onestore40/GB_909_AUDUSD_zpsj0aeavzc.png


For more in depth Research & Analysis please visit GrowBinary.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

GrowBinary
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Re: GrowBinary - Market Analysis and News

GrowBinary - Market Analysis and News - 09th Sept, 2015
By GrowBinary Research & Analysis Team

EUR/USD on its way down to 1.1000

The pair is trading inside triangle showing little tendency to move outside, however we see rising bearish pressure. We expect breakout in southern direction soon and upcoming test of the lower band of the descending channel crossed with 1.1020 support.

To benefit on bearish momentum we suggest PUT options below 1.1170 and 1.1130 after break out of the triangle.

http://i1148.photobucket.com/albums/o568/onestore40/GB_909_EURUSD_zpss8op5wfi.png


For more in depth Research & Analysis please visit GrowBinary.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

GrowBinary
Growell your Trading