During the session today, French and German Service PMI (May)data will see light, with Eurozone May’s Service and Composite PMI released at 16:00. Eurozone will also announce its Unemployment Rate(April) and Retail Sales (YoY), with BoE’s interest rate decision released at 19:75. ADP Nonfarm Employment Change of May and ISM Manufacture PMI data will see light in the US. With certain underlying assets performing actively when data see light, FX77 binary option analyst suggest grasping the opportunity to do short-term trade.
EUR/USD
The EUR/USD pair is predicted to surge up and down during the session today, and we are buyers of put options on dips. Support is found at 1.1110/1.1050, and resistance at 1.1210/1.1250.
USD/JPY
We believe that puts should be purchased on signs of bearish momentum. Resistive hammer is found at 124.3/124.6, with support at 123.5/123.0.
GBP/USD
Since the GBP/USD pair has shown a sign of bullish momentum, we would be buyers of call options on dips. We found resistance at 1.5400/1.5450, and support at 1.5330/1.5280.
[Tips]
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