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 the nearly three-week rally USDCHF has beaten and rejected during re-test line of previous downtrend and reached vicinity of 0.9760 which is the upper limit of lasting for four months consolidation. Although in the vicinity of this resistance yesterday first supply reaction appeared, but later falls did not last too long, so today we are again in the area of this level. At the lower time intervals, we can already see the appearance of the first supply response, and if this zone is permanently discarded, we might expect declines. In short term, therefore, it is worth considering PUT option on this instrument.
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