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.
EURAUD has been moving north for a long time. These increases reached the level of 1.5730, where at the beginning of December this year there was a strong supply reaction. Since then, we have been observing declines. It is worth noting that during this movement the market defeated and then re-tested rejected one local support (now resistance) and then also defeated the next technical support and the upward trend line. In the near future, we could expect continuation of this trend. In a short time horizon, it is worth considering PUT options on this instrument.
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