The common European currency continues its rally against the US Dollar. The Binary Options department of Masterforex-V Academy keeps monitoring price action patterns. The chart below, courtesy of Masterforex-V Academy, reflects the current state of affairs in the market of EURUSD.
As we can see, the price formed a local high during yesterday’s trading session, thereby setting a resistance level. Looking at the current market situation, we can consider possible purchases call options from 1.3370. Expected range of option life is 60 to 90 minutes.
