Trades placed by OptionFair
EUR/USD
Based on the DailyForex analysis of the EUR/USD, the pair has a support level at 1.3000 and the next one is 1.2900. As I logged into optionFair™ Binary Options Trading Platform the EUR/USD price was 1.2990. Since a support level that is broken becomes a resistance level, this creates an opportunity on the instruments: "Low", "Touch Down" and "No Touch".
I chose to trade on the "No Touch" instrument with $1,400. This kind of option has a return of 77% if the option expires without touching the strike price.
The market price for EUR/USD at the buying time (14:32) was 1.31541 and the target price was 1.29969 for the expiration of 15:00. The pair did not touch the strike price till the expiry time and I won $1,078 the position!
