Option for today is a series of analyses for binary options in cooperation with the BDSwiss broker. Every day we present the best options PUT or CALL for selected financial instrument with its current technical analysis.
As a result of the market rally since the beginning of the week, the market reached a critical level of 1.0101. Although this level has not yet been thoroughly tested, given the declining dynamics of growth and the fact that no deeper correction has occurred over the course of the week, we would expect a bearish response in near future.
Looking at the 5 minute chart, we will notice that market is currently testing the lower limit of yesterday’s consolidation. It would be a break thru the bottom that could be a signal for potential drops. In short term, therefore, it is worth considering the PUT option on this instrument.
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