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EUR-USD Binary Options
Trading EUR-USD
Trading EUR USD currency pair can be highly profitable. Entering the markets through Forex has been a popular option over recent years. You only have to turn the television on to be bombarded by adverts for Forex. Currencies do not have a solid value of their own, in Forex terms, and are directly linked to the performance and sentiment about their economy (or zonal economy with the Euro). Binary options provide an interesting way to make huge profits on an on-going basis and they are also sometimes used to hedge trades on other trading platforms.
The Eurozone has been in a bit of a mess from time to time. The sovereign debt crisis infected the region. Greece, Spain. Portugal and Italy are all experiencing hardship, several having required bailouts and severe nationwide austerity measures. Greek bonds were downgraded to “Junk status”. Only the economic powerhouse Germany retains its triple A credit rating (Jan 2013) with all three major ratings agencies. Even Germany has seen its fair of disappointment in terms of economic performance over the years.
The US economy has not faired any better than the Eurozone. 2008 saw the credit bubble finally burst and since then economic growth has been somewhat stagnant. The US is still the powerhouse of the World, officially at least, and is growing again. Again the economy is characterized by debt. American debt levels are a real worry. The US still houses some of the most influential and profitable companies in the world and is a massive consumer nation.
EUR USD currency pair
Over the last 10 years the Euro against the US Dollar has been as high as 1.597 and as low as 1.054. It currently sits around the 1.32 level (Jan 2013). The relationship between the two currencies is quite volatile with each region experiencing its fair share of troubles. EUR-USD binary options traders can make excellent profits if they can consolidate all their analysis to identify the relative strength of the two economies. Technical analysis is a vital key to successful trading on EUR USD currency pair.
EUR-USD binary options brokers
Looking for where to trade EUR-USD binary options?
We have done the legwork for you to find the best EUR-USD binary options brokers. So here they are:
All the brokers` reviews you can find here are tested, varified and approved by our experts. That is why you can be sure that after having chosen any of EUR-USD binary options brokers from our list you will get an excellent trading experience. More over, you can easily find binary options videos together with other various education materials almost in every broker. We hope that EUR-USD binary options trading will become a new interesting and captivating activity that will bring you high payouts.
Take our Trading Simulator and Financial Calculator, don`t loose your chance to learn your level of knowledge and skills of trading EUR-USD currency pair. After that you will be able to have the personal consultation from the financial broker`s expert for free. Also, you are welcome to join our Chief Membership where you will be provided with more advantages and rewards from binary options specialists. Now you have an unique opportunity to learn binary trading from its most attractive side, so do not stop and good luck!
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