Technical Analysis, Dec 11,2014

Technically, the USD index can lo longer be supported and plunged below the daily chart, placing the correction target in somewhere around 86.80. Thus, as long as the USD index remains under 88.60, all eyesare still on bearish USD index and they buy in non-USD currencies index. In the short run the USD index consolidates at 88.00, after that if it got a chance to slump below 88.00, the area 87.50 87.00 is conspicuous. Today let’s focus on the trend of EUR Call options.

Here are some binary option trading advice in current market-available days.
Gold
Resistance: 1235 1245
Support: 1223 1218
It first fluctuated then got corrected to bearish position. By the end of the day you can consider buy in gold with the price of 1224$/ Ounce, once it dropped under 1225, just wait for a while until it finds consolidation at 1220-1215 then choose Call option again.

Silver
Resistance: 17.20 17.50
Support:17.00 16.75
As the price movement shows, after rounds of fluctuations, it gets corrected at 16.75 afterwards, the first hurdle is 17.20, if it could be able to jump cross the hurdle then it’s time to choose Call.

EUR/USD
Resistance: 1.2485 1.2550
Support:1.2425 1.2400
EUR/USD is bullish above 1.2400, soon it may stand firmly at 1.2430 and keep rising. The best opportunity to choose Call occurs between 1.2500 and 1.2550.

USD/JPY
Resistance: 120.00 120.50
Support:119.00 118.10
In the short term USD/JPY will kept slumping hopelessly, in this case, you’d better choose Put once the up-slanting triangle shape appears, which might occur at 185.65, but wait until it gets to 117.50-117.00 first.

GBP/USD
Resistance:1.5750 1.5800
Support:1.5700 1.5670
The area above 1.5650 is bullish. In the short run it will still perform a downward price trend especially the noticeable area 1.5680-1.5700, but the target lies somewhere between 1.5750-1.5800.

[Tips]
All the information mentioned above is for reference only. The FX team will keep an eye on the market and set up the trading strategies specifically. If you are looking for more real-time signal-providing services and investment instructions, please pay more attention to us.

http://www.fx77.com/?lang=en&lrx