During the session today, Eurozone M3 Money Supply(YoY)(May) will see light at 16:00, with Michigan Consumer Confidence Index(June) released at 22:00 in the US. With certain underlying assets performing actively when data see light, FX77 binary option analysts suggest grasping the opportunity to do short-term trading.
EUR/USD
We like buying call options as the EUR/USD pair shows bullish momentum in short-term period. Support is found at 1.1160/1.1100 and resistance at 1.1280/1.1350.
USD/JPY
Since the USD/JPY pair continue to be bearish, we are buyers of put options on pips. Resistance is found at 123.80/124.30 and support at 123.00/122.50.
GBP/USD
We are considering buying call options since the GBP/USD pair continues to bounce around with bullish sentiment. Resistance is found at 1.5800/1.5850 and support at 1.5700/1.5650.
[Tips]
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