EUR/USD

The Euro pair is getting in a tighter range, the breakout is imminent, providing us with potential trading opportunities. Remain vigilant to the price movements with the US session back in play today.

The EUR/USD is ranging again - readying for its next big move... Our call is to sell rallies and we shall embark on it once we see a little higher prices.

The EUR/USD pair to remain range bound at least until tomorrow. The European Central Bank press conference will likely be the next trigger for a break of the recent ranges.

Is the Euro going to recover some lost ground?

The Euro might have reached near term lows. Binary options traders were surprised by news out of the Euro Zone’s strongest economy with German business morale rising for a second straight month in June confirming that that its GDP is gradually on its way to recovery.

The FED finally comes to the US Dollar's rescue. As soon as the Federal Reserve Chairman Ben Bernanke announced on Wednesday that the U.S. economy is expanding strongly enough for the central bank to consider slowing the pace of its bond-buying stimulus later this year, the US Dollar started its march higher.

The pair marked the new peak in the Asian session, reaching 1.3316 and has since only mildly pulled back. Ranges in Asia were very tight as Hong Kong and China were away for the Dragon Boat Festival. With signs that economic activity in the Euro area is beginning to stabilize, the Euro is showing some resolve.

Binary options traders in the EUR/USD pair had the perfect opportunity to trade the news today, but let’s summarize first what happened to the price action. The pair opened the U.S session around $1.2995 and after better than expected PMI numbers out of Europe it was going steady all morning long.

The major EUR/USD pair did close on Friday at $1.2930, with the rate getting a boost from lows around $1.2910 after earlier rallying as high as of $1.2993. To the attention of binary traders today’s trading so far has been and is likely to remain subdued due to holidays in the UK (Spring Bank Holiday) and in the US (Memorial Day).

What a session it has been for binary options traders this Wednesday. As usual chairman Bernanke delivered a huge load of volatility with his comments. Stops have been breached in all directions in most of the pairs, but we will turn our attention to the EUR/USD again because as we all know very well it’s our bread and butter in currency markets.

The euro-dollar pair closed in NY Monday around 1.2884 after the rate had pushed up through the day to a high set during the New York session around 1.2901 before pulling back into the close.

We are embarking on another week with a brief analysis of current rate movements in the EUR/USD pair. The Euro-dollar closed in NY Friday at $1.3052, after easing off a session high of $1.3130, with the rate being marked higher into early Wellington on Monday trade on the back of expected EUR/JPY demand.

While the attention of binary options traders was caught in precious metals, prices in the EUR/USD did move in a range of about 90 pips on Monday. That’s not a whole lot for the first trading day of the week, and the move was quite hard to predict for investors with no major news save for the tragic alleged terrorist plot at the Boston Marathon.