EUR/USD Failed to cover Monday’s bearish gap. Binary traders would only consider buying call options if the pair managed to climb above Friday’s closing price of 1.2155.The slide below 1.2100 would confirm topping scenario in the short-term and hence to buy put options.
GBP/USD A double low attempt is seen on the 1H chart around 1.5520. Buy call options in case of breaking below the latter mark. Clearance of 1.5500 psych ground would accelerate downside pressures and thereby to add put options. Buy a call option if the price regained 1.5580 (200 1H&4H-MA), preferably to reclaim 1.5600.
USD/JPY The 20 4H-MA provides a solid resistance that capped upside and protected bear market since July 12 and so far. Buy the put options if the cross failed at the mentioned average (currently around 78.54).
USD/CHF Overbought conditions warn that a near reversal isn’t ruled out. Hence, bulls should work only with tight expiry times over this week. Buy call options in case the price breaks above today’s ceiling of 0.9937, preferably combined with the 1H-RSI above 70 level.
AUD/USD Testing a crucial price area around 1.0270 which represents 200 MA on the 1H and daily charts. Activate put options in case of breaching below the latter mark, would target 50% retracement at 1.0230.
Disclaimer:
Trading on binary options may be related to a high level of risk, and may not be suitable for all investors. Before deciding to trade on binary options you should carefully consider your investment objectives, level of experience, and attitude toward risk.”.
