Daily market review for 12.07.2016

EUR/USD trades positively and might have perspectives for the future growth. Pair located near the level 1.10. Currency pair USD/JPY increased to the mark 103 and trades in a narrow corridor. Pair USD/CHF trades negatively and located at the level 0.98. Gold trades in a narrow corridor. The asset's price decreased to the level 1355.

Market news

For Europe we recommend to pay attention to German CPI statistics for June at 6:00 GMT time. For US there will be two important news blocs at 13:15 and 17:00 GMT time. For Switzerland there will be no important news today.

Our recommendations

EUR/USD trades positively. Moving averages stay up, that show a further increase. The important level that prevents the rise is located at 1.1090. The important level that prevents the fall is located at 1.1051. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/JPY trades in a narrow corridor. Important level that prevents the rise is located at 103.27. The important level that prevents the fall is located at 102.44. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/CHF trades negatively. The important level that prevents the rise is located at 0.9852. The important level that prevents the fall is located at 0.9820. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD trades in a narrow corridor. The important level that prevents the rise is located at 1357. The important level that prevents the fall is located at 1351. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions.