During the session today, we should focus on the influence of Canadian Central Bank’s interest rate decision on the CAD/USD pair as well as the influence of Reserve Bank of New Zealand’s interest rate on NZA/USD pair.
EUR/USD
Seen from the 1-hour chart of the EUR/USD pair, it continues to bounce up. While in the 4-hour chart, the MACD cylinder is shrinking that indicates the bullish momentum still exists. However, it’s hard to break through the range between 1.1200 and 1.1209 since it’s high time that it may reverse to drop at 1.1210. We are mainly buyers of put options with more caution.
Support：1.1167/1.1150/1.1135
Resistance：1.1209/1.1238/1.1272
GBP/USD
After the GBP/USD continues to rise for two days, it is approaching the pressure position at 1.5413. Since it is not a safe heaven for call options any more, we will switch to buy put options. We notice that once the pressure level 1.5413 is broken through, we may have to wait for next pressure position 1.5490 to start buying put options.
Support：1.5363/ 1.5322
Resistance：1.5413/ 1.5490
USD/JPY
We favor of buying call options of the USD/JPY pair and suspend it at between 120.58-120.68. Call options should be ended at 121.44.
Support：119.75/119.02
Resistance： 120.68/120.89
[Tips]
All the information mentioned above is for reference only. FX77 Option 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.
EUR/USD
Seen from the 1-hour chart of the EUR/USD pair, it continues to bounce up. While in the 4-hour chart, the MACD cylinder is shrinking that indicates the bullish momentum still exists. However, it’s hard to break through the range between 1.1200 and 1.1209 since it’s high time that it may reverse to drop at 1.1210. We are mainly buyers of put options with more caution.
Support：1.1167/1.1150/1.1135
Resistance：1.1209/1.1238/1.1272
GBP/USD
After the GBP/USD continues to rise for two days, it is approaching the pressure position at 1.5413. Since it is not a safe heaven for call options any more, we will switch to buy put options. We notice that once the pressure level 1.5413 is broken through, we may have to wait for next pressure position 1.5490 to start buying put options.
Support：1.5363/ 1.5322
Resistance：1.5413/ 1.5490
USD/JPY
We favor of buying call options of the USD/JPY pair and suspend it at between 120.58-120.68. Call options should be ended at 121.44.
Support：119.75/119.02
Resistance： 120.68/120.89
[Tips]
All the information mentioned above is for reference only. FX77 Option 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.