Daily market review for 21.04.2016

EUR/USD trades negatively and locates near the 1.12 level. The pair has tendencies for a further decline. Today the fundamental statistics for the Eurozone will be published. USD/JPY trades positively near the 109 level, but a slight trend reversal in the pair’s price chart is already seen. Gold trades negatively. The asset's value has stopped at 1247. There might be a further fall.

Market news

The Interest rate decision for the Eurozone will be announced today and will define the further value of the euro. Some strong fluctuations in the pairs' price charts are expected. We also recommend to pay attention to the Deposit Facility rate and the ECB Press conference. As to the USA, the Philadelphia Fed Manufacturing index will be released.

Our recommendations

EUR/USD trades negatively. Moving averages stay horizontally, but there might be a further decline. The important levels that prevent the rise are located at 1.1341 and 1.1388. The important level that prevents the fall is located at 1.1287. 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 horizontally, but there might be a further decline. The important level that prevents the rise is located at 109.90. The important levels that prevent the fall are located at 109.57 and 109.13. 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 levels that prevent the rise are located at 1250 and 1255. The important level that prevents the fall is located at 1242. 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.