Daily market review for 07.06.2016

EUR/USD continues to trade in a narrow range near the 1.13 level. There might be a new positive short-term trend. USD/JPY continues to increase in value, but can not rise higher, than the 107 mark. Gold trades negatively. The asset's price has stopped at 1243. There might be a further decline.

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 1.1393. The important levels that prevent the fall are located at 1.1351 and 1.326. 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 level that prevents the rise is located at 107.89. The important levels that prevent the fall are located at 107.22 and 106.84. 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, which show a further decrease. The important level that prevents the rise is located at 1247. The important levels that prevent the fall are located at 1242 and 1239. 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.