Successful Trades: EUR/GBP & EUR/USD - 26 March 2015

EUR/GBP

According to Adam Lemon’s analysis of the EUR/GBP, “The market will more than likely break down below the 0.70 handle, as the market should continue to sell the Euro in general”. That creates an investment opportunity on the instruments: “Low”, “Touch Down” and “No Touch Up”.

I logged in the OptionFair™ binary options trading platform and I traded $1500 on the "Low" instrument. This kind of option has a return of 71% if the option will close below the target price, which means that if the signal is correct I could get a return of $1065 on my investment.

The target price for EUR/GBP at the buying time (11:38) was 0.73705 for the expiration of 11:45.  The Asset closed on 0.73684 and I made $1065.

EUR/USD

According to Christopher Lewis’s analysis of the EUR/USD, “The US dollar continues to be the favored currency by Forex traders around the world, and as a result I think that this pair will in fact not only head back down to the 1.05 level given enough time, but probably break down below there and head to the parity level”. That creates an investment opportunity on the instruments: “Low”, “Touch Down” and “No Touch Up”.

I logged in the OptionFair™ binary options trading platform and I traded $1600 on the "Touch Down" instrument. This kind of option has a return of 75% if the option touches the strike price prior to expiry, which means that if the signal is correct, I could get a return of $1200 on my investment.

The price for EUR/USD at the buying time (12:15) was 1.10355 and the target price was 1.10297 for the expiration of 12:15. The asset touched my target price at 12:06 and I made $1200.