The option for today is a series of articles about 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 last week’s declines, the Eurodollar already yesterday reached support around 1.1780 . At that level there was a demand response. Later growth did not last long, and this morning the level was defeated. In the near future, we may expect continuation of declines even to the vicinity of 1.1690, which is the neck line of potential head and shoulders formation seen on the daily chart. In short term, therefore, it is worth considering PUT option on this instrument.
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