Daily market review for 12.11.2015

EUR/USD trades in a narrow range, but has perspectives for a further fall. In order to continue to decrease in value, some strong newsflow for the Eurozone or the USA is needed. Many investors mostly focus on selling the pair down to 1.04. GBP/USD, just like EUR/USD, trades in a narrow range. Some strong news for the UK is necessary to make the asset to decline further. USD/JPY trades negatively, but still has perspectives for a further rise. Gold trades in a narrow range and is likely to further decrease in value.

Market news

Important statistics for the Eurozone are expected today. There will be no important data for the UK and the USA. As to the Eurozone, we recommend to pay attention to the French Consumer Price Index report, the data is expected to be better than the previous one and can positively affect the euro.

Our recommendations

EUR/USD trades in a narrow range. Moving averages stay horizontally, but there might be a further decrease. The important levels that prevent the rise are located at 1.0759 and 1.0779. The important level that prevents the fall is located at 1.0723. 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 range. Moving averages stay horizontally, but there might be a further increase. The important level that prevents the rise is located at 1.5245. The important levels that prevent the fall are located at 1.5206 and 1.5132. 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 range. Moving averages stay horizontally, but there might be a further increase. The important level that prevents the rise is located at 0.7153. The important levels that prevent the fall are located at 0.7133 and 0.7039. 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 range. Moving averages stay horizontally, but there might be a further increase. The important levels that prevent the rise are located at 123.05 and 123.21. The important level that prevents the fall is located at 122.75. 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 range. Moving averages stay horizontally, but there might be a further increase. The important levels that prevent the rise are located at 1.0048 and 1.0071. The important level that prevents the fall is located at 1.0024. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/RUB 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 65.26. The important levels that prevent the fall are located at 64.91 and 64.50. 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 levels that prevent the rise are located at 1089 and 1094. The important level that prevents the fall is located at 1084. 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