FxWirePro: Dollar gains likely in intraday swings; buy EUR/USD binary puts
We believe uncertainty over euro zone should boost up dollar.Intraday trend would be bearish bias today; however we see intraday resistance at 1.1218.Any breach above this resistance level may gain strength, else fresh s…
We believe uncertainty over euro zone should boost up dollar.
Intraday trend would be bearish bias today; however we see intraday resistance at 1.1218.
Any breach above this resistance level may gain strength, else fresh short build ups can be initiated at every upswing.
Slow stochastic signals overbought pressure as %D line crossover occurred above 80 levels. (%D line at 80.2772 & %K line at 75.3296).
Big drama of Grexit boiling out but market has learnt to kind of melting down. While the data we received this morning showed that GDP (at -0.2%) did decline in Q1 but to a lesser extent than the other regional projections.
Considering the prevailing technicals and fundamental aspects we reckon dollar holds stronger in intraday sessions and hence we recommend buying EUR/USD binary puts for a targets of 30 pips.
We see all chances for the pair to drag until yesterday's low at 1.1159 levels.
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