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.
EURCAD – As a result of increases lasting since last Wednesday, the market has reached the area of previously defeated support (now resistance), where first supply reaction appeared next day. Yesterday, the first local support was also defeated, which has already been tested from the bottom (as resistance). There was a supply reaction giving hint for potential continuation of declines. In the short term, therefore, it is worth considering the PUT option on this instrument.
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