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.
After yesterday’s relatively dynamic declines, since the beginning of Friday’s session EURAUD moved calmly north. These increases, however, are definitely less dynamic and the candles forming them have smaller bodies and larger wicks, which may indicate that this is only a correction. As a result of these increases, the market reached local resistance, converging with 38.2% Fibonacci correction, where the first (and small so far) supply-side reaction has already occurred. A permanent rejection of this zone could open the way to declines. In the short term, therefore, it is worth considering PUT option on this instrument.
uTrader offers trade on binary options in currencies, indices, commodities and shares of popular companies. Predict the rise or fall of the price and generate profits up to 85% on one transaction.
