FxWirePro: Capture EUR/USD upside risks and high IVs through deploying one touch Vega spreads

When we plotted daily chart, it seems like USD taking a halt from its ruthless bull run against EUR especially during mid July. It's euro that was looking weaker against dollar, the Greece turmoil was the main culprit for such ruthless slumps. The pair has tumbled from the highs of 1.1214 levels with some negligible upward corrections.

We now spotted out hanging man patterns for every alternative bull candles on EOD charts on upswings but there was a certain clarity from leading oscillators (both RSI and stochastic) are converging with upward rising prices. In between these rising prices the ATM calls are observed increased volatilities as shown in the nutshell (2^nd highest among the currency pool).

So, we recommend on speculation basis buying one touch binary vega calls in order to extract leverage on extended profits. By employing these binary vega calls one can not only multiply the returns by twice, thrice or even pour returns unimaginably but also upbeat the implied volatility. But do remember this call is strictly on speculative grounds.

The prime merits of such one touch option spreads are high yields during high volatility plays. Wider spreads indicates lack of liquidity. The spreads for one touch EURUSD options are constant time and barrier levels. Usually, such binary options for every change in 1 pip the relative change in option price 0.01% or even exponential at high implied volatility times. We believe one touch Vega spreads can be the best suitable options to trade HY vols.