Option for today is a series of analyses for binary options in cooperation with the BDSwiss broker. Every day we present the best options PUT or CALL for the selected financial instrument with its current technical analysis.
As I wrote in my yesterday’s projection as a result of dynamic growth market in the past week broke simultaneously bottoms of two channels (upward and downward) and yesterday defeated a very important support area. In near future we can expect change of market sentiment and declines to continue.
Looking at the H1 chart we can see that since yesterday evening we see an upward correction, which is currently testing bottom of defeated yesterday support zone (now resistance). If only in the near future will be a strong reaction of supply we might consider opening option PUT on this pair.
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