Binary Options Trading Opportunities – February 16, 2016

The United Kingdom and Germany

During the day today, we get several announcements of the United Kingdom, including CPI and PPI. We also get economic announcements out of Germany, so it’s very likely that the market will focus on these general areas.

EUR/GBP

The EUR/GBP pair tested the 0.77 level during the day on Monday, but did find a little bit of support there. Quite frankly, we think there is more than enough support below to continue to push this market higher. We are simply waiting to see whether or not we get some type of supportive candle or a bounce in order to start buying those calls.

DAX rallies

The DAX rallied during the day on Monday, breaking the top of the shooting star from several sessions ago. We believe that this market will continue to go higher, but short-term pullbacks might be the best way to enter the market via calls. We would only look for short-term gains, and believe that we will run into a significant amount of resistance at the €9500 level.

Silver sells off

Silver markets fell rather hard during the day on Monday, but we see quite a bit of support in that general area that we are currently trading in. This being the case, the market looks as if the $15 level very well could be a bit of a floor, so we are waiting to see if the market can bounce in this general vicinity in order to serve buying calls.