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.
Pair since mid-September is moving in a horizontal trend. As a result of rejection of the 1.2765 level and the calm growth that has been taking place since then, the market has reached the upper limit of this consolidation, where yesterday’s first supply reaction occurred. A permanent rejection of this resistance could open the way to declines, for which potential range would be even around the lower limit of the box, ie already mentioned level 1.2765. In the short term, therefore, it is worth considering PUT option on this instrument.
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