Daily market review for 26.05.2016

EUR/USD trades positively near the 1.11 level. It has tendencies for a further growth. USD/JPY has started to increase in value after its active decline. The pair still trades near the 109 mark. Gold has slightly risen, but there might be a further fall. The asset's price has stopped at 1229.

Market news

Only several US reports will be published today. We recommend to pay attention to the Core Durable goods orders and the Pending Home Sales. The data can strongly affect the American dollar's further value.

Our recommendations

EUR/USD trades positively. Moving averages stay up, which show a further increase. The important level that prevents the rise is located at 1.1187. The important levels that prevent the fall are located at 1.1150 and 1.1129. 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 levels that prevent the rise are located at 109.85 and 110.45. The important level that prevents the fall is located at 109.42. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

 

GOLD trades positively. Moving averages stay horizontally, but there might be a further increase. The important level that prevents the rise is located at 1233. The important levels that prevent the fall are located at 1224 and 1217. 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.