Hot Trading Signals To Watch For Your Evening Binary Options Trading
Our preference: Long positions above 1.018 with targets @ 1.025 & 1.0275 in extension.
Alternative scenario: Below 1.018 look for further downside with 1.015 & 1.012 as targets.
Comment: the RSI has just broken above a bearish trend line.
Our Preference: SHORT positions below 78.45 with 78.05 & 77.85 as next targets.
Alternative scenario: The upside penetration of 78.45 will call for a rebound towards 78.65 & 78.85.
Comment: the RSI is mixed to bearish.
Our Preference: SHORT positions @ 1.604 with 1.5955 & 1.591 as next targets.
Alternative scenario: The upside penetration of 1.605 will call for a rebound towards 1.61 & 1.6125.
Comment: the pair stands below its new resistance and remains under pressure.
Our Preference: SHORT positions below 1.2935 with 1.2835 & 1.28 in sight.
Alternative scenario: The upside penetration of 1.2935 will call for 1.296 & 1.299.
Comment: the pair remains on the downside and is approaching its support.
The desire for risk has suddenly decreased. The Euro has been depreciating against the Dollar and the Yen for two days already after the statement of Mario Draghi about regional monetary union being subject to financial instability. The downgrading of the IMF forecast of the global economy growth pace doesn’t have any positive impact on the Euro. The problems in Europe again are at everybody’s focus and dominate in the news according to world analysts’ claim. The words of Draghi about peripheral countries, having to continue policy of financial consolidation regardless of the growing risks of recession exacerbation, make investors leave for “reliable assets”.
EURUSD Yesterday the Euro depreciated against the Dollar from 1.2991 to 1.2849.The attempts of the currency to get back above 1.2885 were in vain. And as a result the pair got lower reaching new minimums around 1.2850. The fall might be short term. But anyway the sentiment in the market is negative and recent changes in the technical picture were good for sellers.
USDJPY Yesterday the Dollar was trading weakly in the narrow range of 78.14 – 78.43. The high probability of testing 77.43 remains meanwhile. The Bank of Japan is watching the situation without taking any serious actions.
GBPUSD Yesterday the Pound depreciated against the Dollar from 1.6045 to 1.5976. The Pound is following the Euro weakness against the background of the decline of interest to risky assets. Thus the currency was under sales’ pressure. If the level of 1.5960 is broken the dip to 1.5828 will look logical.
6:45am EUR French Industrial Production m/m
8:00am EUR Italian Industrial Production m/m
2:00pm USD Wholesale Inventories m/m