Daily market review for 28.02.2017

EUR/USD trades in a narrow corridor, pair stay at the level 1.05. GBP/USD trades in a narrow corridor and increased to the level 1.24. AUD/USD trades in a narrow corridor and stay at the level 0.76. Currency pair USD/JPY decreased to the level 112 and trades in a narrow corridor. Pair USD/CHF stay at the level 1.00 and trades in a narrow corridor. Gold trades negatively and decreased to the level 1251.

Market news

For Europe, there will be no important news today. For US, pay attention to news blocks at 13:30, 15:00 and 20:00 GMT. For Britain and Australia, there will be no important news today. For Switzerland pay attention to KOF Leading Indicators (Feb) at 8:00 GMT.

Our recommendations

EUR/USD trades in a narrow corridor. The important level that prevents the rise is located at 1.0602. The important level that prevents the fall is located at 1.0577. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GBP/USD trades in a narrow corridor. The important level that prevents the rise is located at 1.2449. The important level that prevents the fall is located at 1.2411. 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 0.7689. The important level that prevents the fall is located at 0.7667. 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 112.33. The important level that prevents the fall is located at 111.91. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/CHF trades in a narrow corridor. The important level that prevents the rise is located 112.72. The important level that prevents the fall is located at 112.24. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD trades negatively. Moving averages stay down, that shows a further fall. The important level that prevents the rise is located 1254. The important level that prevents the fall is located at 1251. 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.