Daily market review for 21.03.2017

EUR/USD trades in a narrow corridor, pair stay at the level 1.07. GBP/USD trades in a narrow corridor and decreased to the level 1.23. AUD/USD trades in a narrow corridor and stay at the level 0.77. Currency pair USD/JPY stay to the level 112 and trades in a narrow corridor. Pair USD/CHF stay at the level 0.99 and trades negatively. Gold trades in a narrow corridor and decreased to the level 1228.

Market news

For Europe, there will be no important news this week. For US, pay attention to Current Account (Q4) at 12:30 and to FOMC Member George Speech at 16:00 GMT. For Britain, pay attention to news block at 9:30 GMT. For Switzerland and Australia there will be no important news.

Our recommendations

EUR/USD trades in a narrow corridor. The important level that prevents the rise is located at 1.0787. The important level that prevents the fall is located at 1.0746. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GBP/USD trades positively. Moving averages stay up, that shows a further increase. The important level that prevents the rise is located at 1.2380. The important level that prevents the fall is located at 1.2339. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

AUD/USD trades in a narrow corridor. The important level that prevents the rise is located at 0.7736. The important level that prevents the fall is located at 0.7698. 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 112.85. The important level that prevents the fall is located at 112.25. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/CHF trades negatively. Moving averages stay down, that shows a further fall. The important level that prevents the rise is located 0.9989. The important level that prevents the fall is located at 0.9963. 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 1234. The important level that prevents the fall is located at 1226. 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.