On the H4 chart, EUR/NZD rate fell below recent support, which stopped further losses few times in the past. Currently, support could not stand the seller pressure and in effect price slumped below above mentioned zone.
Now, we may wait for so called retest of defeated level. It takes place when rate return to the broken zone – of course now it plays the role of the resistance. If price acts this way, then further declines might be possible. So it is worth to consider buying PUT option (DOWN) on the EUR/NZD (expiring today at 17:00GMT). Open TopOption account now and become binary options trader!
TopOption offers 70% payout for option expiring today at 17:00 (GMT). If you invest e.g. $100 buying PUT option and the price at 17:00 will be lowe than in the moment you bought the option, TopOption will pay you back $170. If the price goes up, you will lose your money. However, no matter how wrong you was, you never loss more than you bet. You can also choose other option’s expiring hours. Here you will find some useful binary options strategies. If you want to invest in TopOption you do not need to install any additional software. Just visit their website!
