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Technical Analysis EUR / USD: New Bullish Trend

Seems like interesting movements are taking place in the cross EUR / USD, at least for the moment:  investors fears against the Spanish debt are slowly disappearing or at least attenuating. The price of EUR / USD reacted, bouncing on the support placed in 1.28 area, going under 1.2940 area.

If the wave of optimism catches on is fairly rational to think of a bullish breakout until to 1.30 area. However, it remains to consider that before hypothesizing this kind of movement, the price must exceed safely the area 1.2950.

TECHNICAL COMMENTS

From a technical point of view we are in the presence of a bullish trend in its initial stage, in fact, both the RSI indicator and the Bollinger bands are located in a oversold area, therefore, the price is taking definitely a certain direction. An investment in this moment using a good money management and taking into account the levels of resistance would be extremely profitable.

EXPLOIT THE TREND IN BINARY OPTIONS INVESTMENT

To take advantage of this new trend you have to invest in binary options with a daily expiry, we proceed investing every day  2-5% of the capital until the price reaches the level of 1.30, in which case further testing are required to determine whether the price has the strength to exceed the maximum period.

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