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.
As a result of Monday’s calm growth, Eurodollar reached the resistance zone between 1.1780 and 38.2% of the Fibonacci correction from earlier declines, where yesterday first supply reaction was seen. Permanent rejection of this zone could open the way to declines. In short term, therefore, it is worth considering PUT option on this instrument.
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