Daily market review for 20.05.2016

EUR/USD still locates near the 1.12 mark, but currently trades in a narrow range. The price chart’s further move is indefinite. USD/JPY trades positively near the 110 level. It has tendencies for a further growth. Gold trades negatively. The asset's price has stopped at 1252, and has perspectives for a further decline.

Market news

Only the US important reports will be published today. We recommend to pay attention to the Existing Homes sales. The data is expected to be better than the previous one and can positively affect the American dollar.

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 1.1210 and 1.1228. The important level that prevents the fall is located at 1.1191. 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 110.14. The important level that prevents the fall is located at 109.70. 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 1258. The important levels that prevent the fall are located at 1251 and 1243. 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.