FX77 | Oct 06, 2015 06:18AM ET
As the Fed’s interest rate hike has calm down, this week’s focus is drawn to central bank’s interest rate decision and currency policy in other countries. During the session today, interest rate decision will come out of Australia and Britain. We will also anticipate Japan’s currency decision as well as the federal reserve currency policy minutes. Meanwhile, as the top pattern of the USD index has existed for a long time, it may run into failure if without further decline and climb to 96.50 within this week. Therefore, the USD index should be under intense scrutiny this week.
EUR/USD
The EUR/USD pair contemporary converts to bearish trend, so we are mainly buyers of put options. Since there may be some short-term support to pull it back at 1.1140, we should stop buying put options at 1.1100. Put options should also be suspended at 1.1220.
Support:1.1140/1.1100/1.1027
Resistance:1.1225/1.1258/1.1347
[Tips]
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