TradeHits

TradeHits
Published articles: 11

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TradeHits.com is a new binary options broker that was launched in early 2013 by a group of Forex and Binary Options veteran experts. The company's main intention is to offer user friendly trading, high quality account management and accurate information about the financial markets to help traders see a positive return.

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EUR/USD's rebound from 1.3476 extended higher last week and broke the near term falling channel. Initial bias remains on the upside this week for 1.3739 resistance. Break will confirm that whole pull back from 1.3892 has completed at 1.3476 already.

EUR/USD recovered from 1.3476 last week but as mentioned before, it's still kept inside a near term falling channel, and well below 1.3739 resistance.

The Eurozone Manufacturing sector improved considerable from November, confirming the euro-area is on the right track to recovery.

EUR/USD's strong rebound and break of 1.3699 last week suggests that the pull back from 1.3892 has completed at 1.3507 already. Initial bias remains mildly on the upside this week for 1.3892 first.

The EUR/USD fell during the bulk of the week, and on Friday managed to close below the 1.3550 support level, an area that we have been watching

EUR/USD has started the new week quietly, after some strong gains late last week. The pair has jumped close to a cent since Wednesday, as it trades in the mid-1.36 range in Monday’s European session.

We all saw the EURUSD finish the 2013 year strong, only to watch it crash in the waking week of 2014. We should expect to see a lot of movement this week as we have a lot of factors dictating the direction of the all mighty pair; Service PMI’s, high retail sales, German inflation data, and probably most importantly, the ECB rate decision and Draghi’s press conference.

The EURUSD skyrocketed last week, enjoying the low liquidity of the holidays; and after the stronger-than-expected German business confidence data strengthened investor confidence for the economic recovery in the Euro Zone.

The EURUSD fell sharp last week, reaching the 1.3624 support level after failing to breach the 1.3810 resistance level.

Check out what's in store for the EUR/USD pair for the first week of December here.

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