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.

The EURCAD currency pair has been oscillating around the previously defeated support (now resistance) for a week. It is worth noting that in the vicinity of this zone the supply reaction appeared three times. Last time tonight. If this resistance is rejected, we would expect a further decline. In the short term, therefore, it is worth considering the PUT option on this instrument. It is worth remembering that investing today on currency pairs related with Euro is burdened with a much higher risk. At 13:45 is planned publication of the decision of the European Central Bank regarding interest rates. Considering that at 10:00 and 13:00 similar decisions will also be taken by Swiss National Bank (SNB) and Bank of England (BoE), it’s hard to find a relatively safe asset.

EURCAD Tradingview

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