The option for today is an analysis cycle for 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.
EURUSD has been calmly moving south for a long time. It is worth noting that these falls are placed within a bearish channel. As a result of rejection of local support 1.1690, we have seen steady growth since last Thursday, resulting in price reaching the upper limit of the channel, where supply response has occurred today. If this zone is permanently rejected, we could expect continuation of declines. In short term, therefore, it is worth considering PUT option on this instrument.
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