Yesterday, several Greek senators raged at government’s compromise during the debt negotiation meeting. Greek parliament deputy speaker warned that proposal for creditors is difficult to be approved, which may pour cold water on previous optimistic anticipation. Greek’s worry and expanding interest margin of America and Germany will lead to bullish USD.
During the session today, IFO Business Climate Index(June) will see light in Germany, with GDP(QoQ)(Quarter 1)released at 20:30 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 trading.
EUR/USD
The EUR/USD pair continue to show bearish momentum and we are buyers of put option . Support is found at 1.1150/1.1100 and support at 1.1250/1.1300.
USD/JPY
We would begin to buy call option, as long as the USD/JPY pair continues to grind sideways with upward trend. Resistance is found at 124.20/124.50 and support at 123.60/123.2.
GBP/USD
The GBP/USD pair continues to be bearish, and we have interest buying put option. Resistance is found at 1.5800/1.5850 and support at 1.5710/1.5650.
[Tips]
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