Daily market review for 25.04.2016

EUR/USD continues to locate near the 1.12 mark and currently trades in a narrow range. The price chart's further move is indefinite. USD/JPY has reached the 111 mark, but now has started to gradually decrease in value. The pair has perspectives for a further decline. Gold continues to trade in a narrow range near the 1233 level. There might be a further fall.

Market news

Important statistics for the Eurozone and the USA are expected today. As to the Eurozone, we recommend to pay attention to the German lfo Business Climate index. As to the USA, the New home sales report will be released. The data for both reports is expected to be better than the previous one and can positively affect the currencies' values.

Our recommendations

EUR/USD 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 1.1247 and 1.1281. The important level that prevents the fall is located at 1.1218. 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 horizontally, but there might be a further decrease. The important level that prevents the rise is located at 111.88. The important levels that prevent the fall are located at 111.04 and 110.28. 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 horizontally, but there might be a further decrease. The important levels that prevent the rise are located at 1234 and 1247. The important level that prevents the fall is located at 1227. 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.