The option for today is an analysis cycle for binary options in cooperation with uTrader broker. Every day we present the best PUT or CALL options for a selected financial instrument along with its current technical analysis.
As a result of the bearish trend lasting since Tuesday, EURAUD reached 1.4825. After several hours of consolidation, today pair has attempted to break this support. If this attempt is successful and there is no demand response in the near future that could negate the breakout we could expect further downward move. However, it is imperative that the current candle on the H4 chart closes at current or lower levels. If this happens, consider PUT option on this instrument.
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