FxWirePro: Buy ATM EUR/USD binary 60 Vega puts, 20 pips slide most likely due to high IV

Oscillators signal intraday weakness to evidence instant 20 pips from current levels.

RSI (14) averages prices and showing downward price convergence.

%D line crossover above 80 levels signifies the prevailing overbought scene for the day.

Slow stochastic evidences selling pressure (%D line at 80.8042 & %K line at 72.2922).

We recommend buying At-The-Money put options that would become In-The-Money within no time.

USD60 vega is suggested due to high implied volatility caused by various macroeconomic factors such as Greece debt deadline. Square off position by booking profits with 20 pips.