So what does all this mean for trading Binary Options?
We expect very high levels of volatility and net net, further downside risk to the Euro (especially on the back of Greek elections this weekend). All eyes now on the U.S dollar with respect to how quickly the Fed will resume their upward trek on the interest rate curve. If this doesn't happen soon enough, there could be downside to the U.S Dollar across a basket of currencies. Net net, heavy volatility expected over the coming weeks. Mean reversion strategies favoured over price action with shorter durations. EOD and EOW expiries could take hits so caution is advised.