Daily market review for 10.06.2016

After the ECB President’s speech EUR/USD had dropped to the 1.12 level and continues to decrease in value. USD/JPY still trades near the 107 mark. The pair is gradually falling after its active growth. Gold continues to actively increase in value. The asset's price has stopped at 1267. There might be a further rise.

Market news

There will be no important data for the Eurozone and the USA.

Our recommendations

EUR/USD trades negatively. Moving averages stay horizontally, but there might be a further decrease. The important levels that prevent the rise are located at 1.1337 and 1.1363. The important level that prevents the fall is located at 1.1292. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/JPY trades negatively. Moving averages stay down, which show a further decrease. The important level that prevents the rise is located at 107.26. The important levels that prevent the fall are located at 106.91 and 106.39. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD trades positively. Moving averages stay up, which show a further increase. The important level that prevents the rise is located at 1271. The important levels that prevent the fall are located at 1265 and 1257. 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.