Euro to New Zealand dollar cross currency pair at H1 chart shows us, that during today’s session price went in the direction of August-September highs. It rebounded sharply from 1.5828 resistance and then moved back to local support area (1.57883). In the next move, it stopped in the vicinity of resistance marked below (1.5808).

EUR/NZD – H1 chart shows two important resistances

This two mentioned resistance levels (1.5828 and 1.5808) may effectively stop further increases today. Especially, that tonight’s macro data which lowered NZD rate in the morning do not have such big influence now. So, it is worth to consider buying PUT (DOWN) option.

Option expires at 17:00GMT (18:00BST – British Summer Time), TopOption offers 70% payout. We should now observe further price action. If price stays in above mentioned bounds, we will wait for downward movements.

EUR/NZD option expires today at 17:00GMT. Consdier buying PUT option

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 lower 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 strategiesIf you want to invest in TopOption you do not need to install any additional software. Just visit their website! 

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