Friday was calm
The US economic indicators came worse than forecasts and didn’t allow the US dollar to strengthen. In May, the volume of housing starts amounted to 1.09 million against the expectations of 1.215 million. The volume of building permits showed 1.17 million vs. the forecast of 1.25 million. The Michigan consumer confidence fell from 97.1 to 94.5.
From today, the UK and the EU begin official talks
No other interesting events are foreseen. In the evening the head the Federal Reserve Bank of New York, William Dudley will have speech. Tomorrow will also be poor on macroeconomic data.
How we trade binary?
We would buy Put binary options with 20:00 GMT expiry if a one hour candle closes below the 1.2760 level. If our first target is not reached and the price goes above 1.2807, the first scenario would be invalidated. We would buy Call options if a one hour candle closes above the 1.2807 level.
Target price: 1.2760
Expiry time: 20:00 GMT