Although EUR/USD printed the lowest daily close rate at 1.08986 on September 30 and tested the lowest year-to-date rate at 1.08792 on October 1, the pair charted a bullish reversal on intraday time
The most popular currency pair kept sliding this past week on the back of consistent demand for put options across the board. The long-term analysis points
Despite the long-term technical sentiment which helped to identify the general direction of the trend, the intraday price action was not so clear and obvious. The bulls were fighting for crucial
On August 23, Euro’s downtrend was stopped above the support level at 1.1055, and EUR/USD retraced on the back of strong demand for call options. Some of the binary options traders were considering
The bears failed to push EUR/USD below recent bottom at 1.1050. The bulls used that weakness as an opportunity to buy call options and lifted the pair back above 1.1140.
The pair continued the upside formation with a bullish acceleration this past Monday. Since EUR/USD had found the bottom on August 1, and MACD trend indicator signalled a crossover, which was
From the long-term point of view, the pair could have found a local bottom or even a reversal point. On the short-term outlook, EUR/USD remains vulnerable to the consolidative sideways range with a
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