Daily market review for 20.11.2015

EUR/USD trades in a narrow range, but still has tendencies for a further decline. Since the end of the month is coming, the pressure on the euro keeps growing. Many investors continue to increase sales and focus on 1.04, but some strong negative data for the Eurozone will be needed. GBP/USD, just like EUR/USD, trades in a narrow range. Some perspectives for a further fall still remain, but some negative news for the UK is necessary. USD/JPY trades negatively and has perspectives for a further fall. Gold trades positively and has perspectives for a furher rise.

Market news

Important statistics for the Eurozone and the USA are expected today. No important data for the UK will be published today. As to the Eurozone, the ECB President will perform a speech, some multidirectional movements can occur during the performance. As to the USA, we recommend to pay attention to the FOMC Member Bullard's speech.

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 1.0727 and 1.0762. The important level that prevents the fall is located at 1.0667. 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 decrease. The important level that prevents the rise is located at 1.5334. The important levels that prevent the fall are located at 1.5270 and 1.5233. 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 0.7213. The important levels that prevent the fall are located at 0.7182 and 0.7152. 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 123.06 and 123.52. The important level that prevents the fall is located at 122.63. 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 1.0153 and 1.0200. The important level that prevents the fall is located at 1.0120. 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 64.89. The important levels that prevent the fall are located at 64.37 and 64.13. 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 up, which show a further increase. The important level that prevents the rise is located at 1087. The important levels that prevent the fall are located at 1080 and 1069. 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.