Tuesday, July 14, 2015
Technical Analysis From FX77 Option, 14/07/2015
Eurozone has come to preliminary agreement on Greece Issue after a tough negotiation, leaving enormous problems to be solved. However, the risk of Greek exit from Euro ground has been dismissed, with market being boosted.
During the session today, we will anticipate CPI(YoY) data from German and Britain, with ZEW economic sentiment index(July) released in German. Retail Sales(June) 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 trading.
EUR/USD
We have short-term trading opportunity with call option since the EUR/USD pair has bounced around with upward trend. Resistance is found at 1.1100/1.1150 and support at 1.0950/1.0900.
USD/JPY
The USD/JPY pair has offered us opportunity to buy put with its consolidation. Resistance is found at 123.80/124.30 and support at 122.80/122.00.
GBP/USD
Since the GBP/USD pair has show a sign of bearish sentiment, we are buyers of put option. Resistance is found at 1.5550/1.5600 and support at 1.5450/1.5400.
[Tips]
All the information mentioned above is for reference only. FX77 team will keep an eye on the market and set the trading strategies specifically. If you are looking for more real-time signal-providing services and investment instructions, please follow us at
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