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 yesterday’s declines, the Eurodollar defeated very important technical support in vicinity of level 1,1805. If the upward correction lasting for several hours will be deepened and the zone will be re-tested, we could expect further declines. However, a necessary condition will be a supply reaction rejecting this resistance. However, the scenario may be supported by the fact that this level is in the area 38.2% of the Fibonacci correction.

EURUSD Tradingview

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