It has taken supports at 0.9744 levels (7EMA on 4H).
is boiling up with overbought pressures.
We could foresee speculative range between 0.9832 and 0.9744 levels.
On , one can see prices can go either way upon make or break of 0.9776 on a closing basis.
On long term perspectives, the pair could not hold onto major resistances at 1.0093 and 1.0032 levels.
for intraday speculators the boundary binary options are recommended.
One can very well use binary options between upper strikes - 0.9832 and lower strikes - 0.9744 in 1H expiries.
The trading between these strikes would derive certain yields and these yields are exponential from spot FX.
Using binaries, the trader has the opportunity to speculate if an asset’s price will stay within a confined price range for a certain period of time.
Keeping this trend in mind we reckon, irrespective of the swings boundary binary options would fetch certain yields using the above boundaries in the binary strategy.
Please be noted that this is exclusively on speculative grounds, should not be rolled over since there is significant economic event scheduled for tomorrow.