Daily market review for 06.06.2016

The American dollar has significantly decreased in value, which has impacted the values of all the three assets. EUR/USD has risen up to the 1.13 level, but now trades in a narrow range. USD/JPY after its prolonged fall started to gradually grow. Gold also trades in a narrow range. The asset's price has stopped at 1241. There might be new trends during the day.

Market news

Today there will not be important data for the Eurozone and the USA.

Our recommendations

EUR/USD trades in a narrow range. Moving averages stay horizontally, but there might be a further increase. The important level that prevents the rise is located at 1.1374. The important levels that prevent the fall are located at 1.1323 and 1.1139. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/JPY trades positively. Moving averages stay up, which show a further increase. The important levels that prevent the rise are located at 107.17 and 108.91. The important level that prevents the fall is located at 106.36. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD trades in a narrow range. Moving averages stay horizontally, but there might be a further increase. The important level that prevents the rise is located at 1248. The important levels that prevent the fall are located at 1238 and 1210. 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.