Technical Analysis From FX77 Option, 27/07/2015

Data released on Friday shows that Manufacturing PMI data for France, Germany and Eurozone are all acting weakly. With that influence, EUR has bounced around with bearish sentiment, which has once hit 1.0925. Data from the US are mingled with hope and fear, not creating more momentum for USD while EUR has pulled back with consolidation.
During the session today, IFO Business Climate Index(July) will see light in Germany, with CBI Industrial Trends Orders(July) released in Britain. We also anticipate the release of Durable Goods Order 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
Since the EUR/USD pair has encountered pressure when going up, we would like to buy put options in short-term session. Resistance is found at 1.1050/1.1100 and support at 1.0980/1.0930.

USD/JPY
The USD/JPY pair continues to consolidate, which provides us opportunity of buying put option. Resistance is found at 123.80/124.10 and support at 123.00/122.50.

GBP/USD
As the GBP/USD pair has bounced around with bullish momentum, we are buyers of call options on dips. Resistance is found at 1.5550/1.5600 and support at 1.5500/1.5450.

[Tips]
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