Euro was under a big question mark last month to be as a safe currency to invest money in. As the condition of crisis is still looming over Greece and Spain, Euro has not been able to done anything substantial for several months in international markets. However, a per binary options trading experts, the condition of euro is not going to be the same for long time, as the news of bail out packages for Greece and Spain has been released. The options traders are keeping their eyes on Euro/USD currency pair in coming days, as a sudden jump in the position euro in financial markets is speculated.
Trading Scenario in Europe
Drastic changes took place in Euro position in financial market, thanks to the euro zone officials in showing agreement to improve the condition of Spain with bailout package. It is speculated that Spain is to get 100 billion Euros as bailout package. The amount is higher than financial specialists estimated for taking Spain to a better position; it laid positive impact on the condition of Euro in second week of the month. The large bailout packages for Greece and Spain were released to restore faith in Europe economy among the binary options traders and other traders around the world. However, the clouds of doubts have not been cleared properly as country like Spain, which is the fourth largest economy of Europe, is under crisis and binary option trading experts speculating that the changes might stay temporarily.
It has created a great opportunity for binary options traders as they can invest their money in buying short term contracts of an hour or a day. The elections are about to take place in Spain, if the financial problem is resolved before that elections, it will prevent a debacle from occurring in the country, thereby avoiding any major changes going to happen in foreign trading market. Keeping updated with every event taking place in the Europe is every important for digital options traders. The rule of thumb of the options traders is to follow the trend, predicting reversal can incur loss on their par most of the times. The best way to make money an options trading platform is to follow the trend. Buying a call option is the best choice for traders at present, as the speculations over EUR/USD is climbing in value is very high.
Current Euro Position
If a trader considers the Euro/USD chart, the downward position of this currency pair quite visible. Only from the third week of June, since the news of bailout packages for Spain and Greece has been released, EUR/USD position has been slightly improved and climbed up to $1.2748 against the dollar. As of now, the Euro chart still gives impression that it is volatile options to invest money in. On relating this notion with binary options trading, while noticing the slide of Euro downward. Most of the binary traders are trading with puts within this currency pair.Incoming search terms:
- stride for eur/usd