Daily market review for 14.06.2016

EUR/USD has reached the 1.13 mark. The pair trades positively, but in the asset's price chart a slight negative trend has started to gradually form. USD/JPY continues to trade negatively near the 106 level. Gold has decreased in value. The asset's price has stopped at 1280. There might be a further decline.

Market news

As to the USA, the Retail sales reports will be released. The data is expected to be worse than the previous one and can have a negative impact on the American dollar. There will be no important data for the Eurozone.

Our recommendations

EUR/USD trades positively. Moving averages stay horizontally, but there might be a further decrease. The important level that prevents the rise is located at 1.1303. The important levels that prevent the fall are located at 1.1277 and 1.1238. 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 106.58. The important level that prevents the fall is located at 105.84. 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 1286. The important level that prevents the fall is located at 1277. 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.